Boeing 747-8

Boeing is planning to reduce the production rate for its biggest model 747-8 for the second time this year due to lower demand.

The company said it would adjust the production rate for the 747-8 programme from 1.75 aircraft to 1.5 aircraft per month through 2015.

Boeing Commercial Airplanes 747 programme vice-president and general manager Eric Lindblad said this production adjustment better aligns the company with near-term demand while stabilising its production flow, and better positions the programme to offer the 747-8’s compelling economics and performance when the market recovers.

"Although we are making a small adjustment to our production rate, it doesn’t change our confidence in the 747-8 or our commitment to the programme," Lindblad said.

Boeing anticipates long-term average growth in the air cargo market to return next year, and projects global demand for 760 large aircraft such as the 747-8 during the next two decades, valued at $280bn.

"Although we are making a small adjustment to our production rate, it doesn’t change our confidence in the 747-8 or our commitment to the programme."

The 747-8 aircraft family is cost-effective and fuel-efficient, offering a double-digit reduction in emissions, while being 30% quieter and adding more capacity, the company said.

It carries 467 passengers in a typical configuration.

The aircraft portfolio received 107 orders for passenger and cargo versions to date, with 56 having been delivered.

The first delivery at the new production rate is expected to be complete in early 2014.

According to Boeing, the change in production rate is not expected to have a significant financial impact.

Image: To date, the 747-8 has had 107 orders for passenger and cargo versions, with 56 delivered. Photo: file image.

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