North America
Boeing to reduce 747 production rate
The Boeing Company announced that it will lower the production rate on the 747-8 program to match supply with near-term demand in the cargo market. To account for the market and production impacts, the company will recognize a $569 million after-tax charge ($0.84 per share) when it announces financial results for the fourth quarter of 2015. “Global air ... <a title="Boeing to reduce 747 production rate" class="read-more" href="https://aviationtribune.com/airlines/north-america/boeing-to-reduce-747-production-rate/" aria-label="Read more about Boeing to reduce 747 production rate">Read more</a>