Boeing to cut 747-8 production in Sept 2015; sees slow cargo market
The planned decrease means Boeing will produce two fewer airplanes per year, Boeing said. The cut is being made "because the near-term recovery in the cargo market has not been as robust as expected," Boeing said.
"We continue to believe in the long-term strength of the freighter market and the 747-8 is uniquely positioned to capture this demand," it added.
(Reporting by Alwyn Scott)