Today, we announced that the 747-8 production rate would be adjusted to 0.5 airplanes per month starting in September of this year. In the podcast below, I take a closer look at the factors driving that decision.
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Posted on 21 January 2016 | Permalink
Randy, the freight market is bracketed by various airplane types all seeking efficiency that will make freight operations profits. There are several defaults with the market that has emerged. The 767 for the parcel industry. The 777 for a broader range of product addressing both parcel and pallet handling with a bulk capability. The 747-8F however, stands alone. As you alluded to it there is not a competition.
It covers the spectrum from parcel, pallet and large bulk transporting. The convertibility for freight shipments is off the charts for the Boeing 747-8F. There is no match.The used market will exhaust the inventory in the next four years. The Russian, European and older US made freight products become less available to the industry. Boeing has positioned itself to capitalize on the freight industry superbly. Your readers should buy stock on the 747-8F family function as it will become a great compliment to the "serious" air freight airlines, having the 767,777 and 747 inventory for its freight business.
Congratulations on having a great family of long-haul Freight aircraft. It will make our world a better place. The 747-8 has a very much needed place going forward.
January 21, 2016 19:15
I do think this production rate necessary the 7478IF is dying airlines don't want quad engined beast anymore and freight aircraft can be made from almost any aircraft although i am sad about the legend dying but i think theres a new queen in line the 7779X
January 22, 2016 11:18
It's so sad to see the 747 declining, and I wish some of the US airlines like Delta and United would invest in the 747-8. It's an extremely capable aircraft and it does an awesome job at advertising airlines. When I was a kid, the first 747 I saw was Northwest Airlines. And that made me become an NWA - later Delta - customer in my 20s and 30s.
Maybe you should scrap the 747-8. Then, design a new 747-9 that is far more efficient than the 777. I think the biggest competition against the 747 is the 777.
January 25, 2016 11:56
Without FedEx Express and UPS needing the 747-8 freighter the market is in a tough spot even for a large plane that can move goods by air most inexpensively of all the freighters. For the most part and for the larger goods it is just less expensive to move goods by sea than by air, heck these new container ships are over 400 meters, 1,312 feet long and a beam of well over 200 feet and over 200K DWT but for quick transport the air sector will always be in demand and the 747 freighter does that best in bulk and economy.
January 26, 2016 01:16
Hello Randy, I have listerned to your report of the 747-8F bit a little confused - you said the production rate 747-8F will decress bit will adjust to market, but you then said it will not effect the 747-8 passenger model that has a good future,is that right? People tell me they would rather fly on the 747-8 then the airbus model as the 747 is more appealing.
January 26, 2016 01:21
Hi Randy the 737 Max is really in a battle with the Airbus A320neo can Boeing really out sell and pass Airbus in the single aircraft market.(2)The 777x will it be any different in looks outside and inside than the curent model 777-300er today.I thing you guys can give this aircraft a future look,instead of the same old same old look.GIVE IT A GAME CHANGING LOOK.
February 1, 2016 14:36
We're now over 3,000 orders for the MAX, which makes it the fastest selling airplane in Boeing history. Our customers are excited about the value proposition it’s going to bring, and we’re on track to deliver on all those promises.
In upcoming single-aisle campaigns, we look forward to competing based on the MAX’s superior value, and it is this value that will drive our market share gains.
As for the 777X interior, check out some of the things we have in store to up the passenger experience: http://boeing.mediaroom.com/2014-07-15-Boeing-Decides-Key-Elements-of-777X-Passenger-Experience
February 1, 2016 14:44
The production rate applies to the 747-8 program as a whole (both Freighters and Intercontinentals).
February 1, 2016 14:47
Quick question, when you built the 747-8, why didn't you integrate more of the 787 features into the plane like the air system, or make it wider than an A380 or why not build the plane to be 50% reinforced plastic like the 787? Wouldn't the weight savings from that last feature have increased the cargo capacity of the 747 or made it even more fuel efficient to the A380? I have flown both and prefer the 747, to me she is and will always be the Queen!
February 10, 2016 10:17
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This page contains a single entry in Randy's Journal, a blog of thoughts and observations hosted by Randy Tinseth, vice president, marketing for Boeing Commercial Airplanes in Seattle.
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