19 June 2017
The New York Times reports that at the International Paris Air Show this week, private conversations are likely to focus on a slowdown in orders for the largest and most expensive jets. According to analysts, several factors have contributed to a decline in interest in larger aircraft, including “[h]igh production rates [which] created a glut of large jets, and the drop in oil prices.” Boeing currently “makes only six 747s a year, and it sells most of them as cargo freighters rather than as passenger jets.” (Image: Boeing 747-8 First Flight. Credit: moonm via Wikimedia Commons)
More Info (New York Times)