Boeing to reduce 747-8 production after low market demand

[Parkeralex]

Boeing has announced it will reduce the production rate of its 747-8 in order to align supply with near-term demand in the cargo market.
The reduction is the fourth for the company in less than two years.
Boeing Commercial Airplanes CEO Ray Conner said: "Global air passenger traffic growth and airplane demand remain strong, but the air cargo market recovery that began in late 2013 has stalled in recent months and slowed demand for the 747-8 freighter.