Boeing Commercial Airplanes announced it will reduce its production rate for the 747-8 program, explaining it intends to match supply with near-term demand for cargo aircraft. Assembly of the aircraft at Boeing’s 747 production lines in Everett, Wash., will be reduced from one jet per month to one jet every two months, or half a jet/month, starting in September.
Midway through last year the jet-builder set a production rate cut to 1.3 per month, which will take effect in March.
