Boeing reacts to lack of demand for 747-8

Boeing is reducing the production rate for its 747-8 jumbo jet from two to 1.75 planes per month.
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In a statement, the company said it is experiencing lower market demand than it expected for the largest variant of its fleet.
The 747-8 was developed as an alternative to the Airbus A380 and has been selected as a head of state aircraft for several Gulf states.
 
 
It has a $351 million list price for the passenger model, and $352 million for the freighter variant. In its 2012 20-year forecast, the company predicted demand for 790 large aircraft worldwide through 2031. 
 
 

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