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Old January 20th, 2016, 03:44 AM   #2121
Woodys Aeroimages
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HL7639 Korean Cargo LN1528 has been placed into short term storage at PAE.

HL7639 Korean Air Lines Boeing 747-8B5F - C/N 37653 / LN 1528 by Woodys Aeroimages, on Flickr

Both Transaero NTU's have been placed back at the tower lot with their engines sealed. Apparently they are not taking these engines for Korean's 47's

747-8i LN1519 & LN1523 by Woodys Aeroimages, on Flickr
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Old January 21st, 2016, 03:52 PM   #2122
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Boeing 747-8i Air China B-2486 by Aleksey Rubtsov, on Flickr



Boeing 747-8i Korean Air HL7630 by Aleksey Rubtsov, on Flickr



Boeing 747-8i Lufthansa D-ABYA by Aleksey Rubtsov, on Flickr



Boeing 747-8i Lufthansa D-ABYT by Aleksey Rubtsov, on Flickr



Boeing 747-8f N747EX by Aleksey Rubtsov, on Flickr



Boeing-747-8i N6067E by Aleksey Rubtsov, on Flickr
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Old January 22nd, 2016, 12:12 AM   #2123
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Quote:
Boeing to Reduce 747 Production Rate, Recognize Fourth-Quarter Charge

Slow cargo market recovery pushes build rate to 0.5 per month in Sept. 2016
Company to record Q4 earnings charge; no effect on 2015 revenue or cash
Global passenger traffic and demand remain strong

CHICAGO, Jan. 21, 2016 /PRNewswire/ -- The Boeing Company [NYSE: BA] announced today 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 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," said Ray Conner, Boeing vice chairman and president and CEO of Boeing Commercial Airplanes. "While we remain confident in the 747-8's unique value-proposition and an upcoming replacement cycle for late-model 747-400 Freighters, we're taking the prudent step to further align production with current market requirements."

In September 2016, the 747-8 program's production will decline from one airplane per month to 0.5 per month. The company previously announced that the rate would drop from 1.3 per month to one per month in March 2016.

On a pre-tax basis at the segment level, Boeing Commercial Airplanes will report a charge of $885 million. The earnings charge will not affect the company's 2015 revenue or cash flow. Boeing will announce its fourth quarter financial results and provide guidance for 2016 on Jan. 27.

"We are closely monitoring the air cargo market as we work to win additional orders to support ongoing future production. At the same time, we continue to aggressively drive productivity to lower costs across our production system to offset the current market challenges," said Greg Smith, executive vice president of Business Development & Strategy and chief financial officer.

The most recent air transport industry data show that air freight contracted in November, with volumes declining by 1.2 percent compared to the same time a year ago. This contrasts with global passenger demand which grew at 5.9 percent, above the 10-year average rate, according to the International Air Transport Association (IATA).

Caution Concerning Forward-Looking Statements

Certain statements in this release may be "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "intends," "plans," "projects," "believes," "estimates," "anticipates," and similar expressions are used to identify these forward-looking statements. Examples of forward-looking statements include statements relating to our future plans, business prospects, financial condition and operating results, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on our current expectations and assumptions, which may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially from these forward-looking statements. As a result, these statements speak only as of the date they are made and we undertake no obligation to update or revise any forward-looking statement, except as required by federal securities laws. Specific factors that could cause actual results to differ materially from forward-looking statements include, but are not limited to, the effect of economic conditions in the United States and globally, general industry conditions as they may impact us or our customers, and our reliance on our commercial customers, our U.S. government customers, our suppliers and the worldwide market, as well as the other important factors disclosed previously and from time to time in our filings with the Securities and Exchange Commission.
http://boeing.mediaroom.com/2016-01-...Quarter-Charge
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Old January 22nd, 2016, 02:04 AM   #2124
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Slow Cargo Market Recovery should read

"Massive Trade Crash Worldwide including Air Cargo." Slow my ass, we are in a destocking cycle everywhere. That is not a 'forward looking statement' it is a nowcast.
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Old January 22nd, 2016, 02:25 AM   #2125
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It's not only reason. With so low brent oil price and strong USD, acquiring old B747-400(BC)F or B767-300(BC)F on dirt cheap is much more affordable for airlines. Boeing 747-8s are very expensive aircraft, and Boeing 747-400 or Boeing 767-300ER are cheap as hay.

Low fuel prices will affect widebody pax plane market too. It's pretty reasonable now to buy used 777-200ER or even 767-300ER, refurbish it and fly. Even with cost of refurb and d-check it's still few times less costly than brand new airplane.
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Old January 22nd, 2016, 02:50 AM   #2126
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This must be the slowest and most painful death of any aircraft. Why doesn't Boeing simply put it out of its misery and shut down the line.
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Old January 22nd, 2016, 03:54 AM   #2127
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It's not so easy to do. There is supply chain, there are signed long term contracts and other economical, market bonds and workers conctracts, whose cut would mean very expensive penalties for Boeing to pay.
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Old January 22nd, 2016, 08:21 PM   #2128
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I still believe the B747 will still live on its the "Queen of the Skies" its not going to go away.

Maybe the B747 market will go towards the International Airline and Cargo more then the United States airlines.

Personally i want the Queen to continue flying she is beautiful, graceful, and very useful for Passengers and Cargo.

they might slow down production but that doesn't mean its the end it will recover and rebounce, Airbus is still building the A380 i don't think Boeing wants to stop building the B747-8 series.
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Old January 22nd, 2016, 09:03 PM   #2129
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The 747-8 may get further cargo orders, but as a passenger airplane is as good as dead.

Airlines are buying A777s or A350s as they are cheaper and more flexible, ETOPS 330 rules will effectively render the 4 engine advantage moot, in heavily congested routes the higher capacity of the A380 is more attractive and even the VIP market is drying now that most Middle East countries bought the 747-8s they needed (and other countries such as Japan are replacing their VIP 747s with 777s).

Even the cargo market is weak for the 747-8 as cargo airlines are not precisely known for buying many new airplanes, the 777F is good enough replacement in most cases (Boeing would love to fill their 2018-2020 777 production slots), and 747-4 converted freighters will be cheap if needed.
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Old January 22nd, 2016, 10:47 PM   #2130
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A sad article about the decadence of the B747, but contains lots of historical photos.
Quote:
The jumbo jet is officially on life support — here's a look at its glory days

Boeing Commercial Airplanes announced on Thursday that it would once again cut the rate of production for its Boeing 747-8 in an attempt to buy the program more time to get on its feet. Last year, the airplane maker cut production from 1.3 per month to one per month. Starting in September, jumbo-jet production will be reduced to just one every two months.



http://www.businessinsider.com/boein...ion-cut-2016-1
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Old January 23rd, 2016, 06:58 AM   #2131
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747 Sunset Glow by Chris, on Flickr
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Old January 26th, 2016, 05:13 AM   #2132
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HL7636 Korean Air LN1527 delivered

HL7636 Korean Air Lines Boeing 747-8B5 - C/N 60407 / LN 1527 by Woodys Aeroimages, on Flickr
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Old January 26th, 2016, 05:39 AM   #2133
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Quote:
Originally Posted by joxxrgelr View Post
Well it looked clean during his farewell from Mexico city last night.
Hasta la vista, baby. Thank´s for visit us for more than 40 years. We´ll miss you
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Old January 26th, 2016, 09:59 AM   #2134
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Almost a half century after pan am thr 1st customer of jumbo jets
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Old January 26th, 2016, 11:06 AM   #2135
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45 years ago this week Heathrow welcomed its first scheduled 747 flight. Now it is likely the biggest 747 hub in the world given the size of BAs 747-400 fleet based there.

http://news.bbc.co.uk/onthisday/hi/d...00/3725963.stm
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Old January 27th, 2016, 12:21 AM   #2136
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RC002 A7-HHE BBJ for Qatar Amiri delivered to customer, HAM-DOH 26th January 2016. It's 4th B747-8i BBJ delivered to final customer, 5 more to go.
https://www.flightradar24.com/data/a...A7-HHE#8a36788
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Last edited by PiotrG; January 28th, 2016 at 04:51 PM.
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Old January 27th, 2016, 05:18 AM   #2137
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Boeing 747-428 Air France F-GITJ by Clément W., on Flickr



Boeing 747-428 Air France F-GITJ by Clément W., on Flickr
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Old January 27th, 2016, 11:51 PM   #2138
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"New Livery"

Cathay Pacific Cargo | Boeing 747-400 Freighter | B-LIA departing from VABB/BOM

Spotted By : Aneesh Bapaye
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Old January 28th, 2016, 11:40 AM   #2139
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Boeing to reduce 747-8 production after low market demand

I read here,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.

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Old January 29th, 2016, 01:53 AM   #2140
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Air India | Boeing 747-437 | VT-ESP | "Ajanta" at CSI Airport, Mumbai

Our very own "Queen Of The Skies" smile emoticon

Spotted By : Prathmesh Pradhan
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