Asia

Boeing to Terminate Production of 747 Jumbo Jet in 2022

A former Japanese government plane is shown to the press at the Air Self-Defense Force's Chitose Air Base in Hokkaido, northern Japan, on May 24, 2019. The Boeing 747, which flew to 271 locations in 100 countries after its launch in 1993, was retired at the end of March, replaced by a more energy-efficient jet. / Kyodo

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By Kyodo News 30 July 2020

NEW YORK—Boeing Co. said Wednesday it will terminate production of its 747 line of jumbo jets in 2022 as the coronavirus pandemic saps travel demand and fuel-efficient models become a mainstay in the aviation market.

“In light of the current market dynamics and outlook, we’ll complete production of the iconic 747 in 2022,” Boeing said in a press release.