Index Investing News
Wednesday, February 4, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

by Index Investing News
January 29, 2023
in Stocks
Reading Time: 3 mins read
A A
0
Home Stocks
Share on FacebookShare on Twitter


6/6

© Reuters. FILE PHOTO: Relief supplies of the “Humanitarian Help of Switzerland” are loaded onto a Boeing 747-400BCF cargo plane bound for Venezuela amid the novel coronavirus pandemic at Zurich Airport, Switzerland June 18, 2020. Picture taken June 18, 2020. Ennio

2/6

By Valerie Insinna and Tim Hepher

SEATTLE/PARIS (Reuters) – Boeing (NYSE:)’s 747, the original and arguably most aesthetic “Jumbo Jet”, revolutionized air travel only to see its more than five-decade reign as “Queen of the Skies” ended by more efficient twinjet planes.

The last commercial Boeing jumbo will be delivered to Atlas Air (NASDAQ:) in the surviving freighter version on Tuesday, 53 years after the 747’s instantly recognizable humped silhouette grabbed global attention as a Pan Am passenger jet.

“On the ground it’s stately, it’s imposing,” said Bruce Dickinson, the lead singer of Iron Maiden who piloted a specially liveried 747 nicknamed “Ed Force One” during the British heavy metal band’s tour in 2016.

“And in the air it’s surprisingly agile. For this massive airplane, you can really chuck it around if you have to.”

Designed in the late 1960s to meet demand for mass travel, the world’s first twin-aisle wide body jetliner’s nose and upper deck became the world’s most luxurious club above the clouds.

But it was in the seemingly endless rows at the back of the new jumbo that the 747 transformed travel.

“This was THE airplane that introduced flying for the middle class in the U.S.,” said Air France-KLM CEO Ben Smith.

“Prior to the 747 your average family couldn’t fly from the U.S. to Europe affordably,” Smith told Reuters.

The jumbo also made its mark on global affairs, symbolising war and peace, from America’s “Doomsday Plane” nuclear command post to papal visits on chartered 747s nicknamed Shepherd One.

Now, two previously delivered 747s are being fitted to replace U.S. presidential jets known globally as Air Force One.

As a Pan Am flight attendant, Linda Freier served passengers ranging from Michael Jackson to Mother Teresa.

“It was an incredible diversity of passengers. People who were well dressed and people who had very little and spent everything they had on that ticket,” Freier said.

TRANSFORMATIONAL

When the first 747 took off from New York on Jan 22, 1970, after a delay due to an engine glitch, it more than doubled plane capacity to 350-400 seats, in turn reshaping airport design.

“It was the aircraft for the people, the one that really delivered the capability to be a mass market,” aviation historian Max Kingsley-Jones said.

“It was transformational across all aspects of the industry,” the senior consultant at Ascend by Cirium added.

Its birth become the stuff of aviation myth.

Pan Am founder Juan Trippe sought to cut costs by increasing the number of seats. On a fishing trip, he challenged Boeing President William Allen to make something dwarfing the 707.

Allen put legendary engineer Joe Sutter in charge. It took only 28 months for Sutter’s team known as “the Incredibles” to develop the 747 before the first flight on Feb. 9, 1969.

Although it eventually became a cash cow, the 747’s initial years were riddled with problems and the $1-billion development costs almost bankrupted Boeing, which believed the future of air travel lay in supersonic jets.

After a slump during the 1970s oil crisis, the plane’s heyday arrived in 1989 when Boeing introduced the 747-400 with new engines and lighter materials, making it a perfect fit to meet growing demand for trans-Pacific flights.

“The 747 is the most beautiful and easy plane to land … It’s just like landing an armchair,” said Dickinson, who also chairs aviation maintenance firm Caerdav.

AGE OF ECONOMICS

The same swell of innovation that got the 747 off the ground has spelled its end, as advances made it possible for dual-engine jets to replicate its range and capacity at lower cost.

Yet the 777X, set to take the 747’s place at the top of the jet market, will not be ready until at least 2025 after delays.

“In terms of impressive technology, great capacity, great economics … (the 777X) does sadly make the 747 look obsolete,” AeroDynamic Advisory managing director Richard Aboulafia said.

Nevertheless, the latest 747-8 version is set to grace the skies for years, chiefly as a freighter, having outlasted European Airbus’ double-decker A380 passenger jet in production.

This week’s final 747 delivery leaves questions over the future of the mammoth but now under-used Everett widebody production plant outside Seattle, while Boeing is also struggling after the COVID pandemic and a 737 MAX safety crisis.

Chief Executive Dave Calhoun has said Boeing may not design a new airliner for at least a decade.

“It was one of the wonders of the modern industrial age,” said Aboulafia, “But this isn’t an age of wonders, it’s an age of economics.”



Source link

Tags: BoeingsFinaljetJumboOriginalpreparesReuterssendoff
ShareTweetShareShare
Previous Post

The world is terrible. The world is much better. The world could be much better.

Next Post

Adani’s $2.5 billion share sale faces crucial day after Indian rout By Reuters

Related Posts

Is This Personal Loan Affiliate Network Legit?

Is This Personal Loan Affiliate Network Legit?

by Index Investing News
January 31, 2026
0

If you’re researching whether to join Round Sky as an affiliate or partner with them as a lender, you’ve likely...

All the “Buy into SpaceX Early” Teaser Pitches — What are they recommending?

All the “Buy into SpaceX Early” Teaser Pitches — What are they recommending?

by Index Investing News
January 27, 2026
0

One thing has been consistently true about the investment marketing business, at least for as long as I’ve been paying...

The New Food Pyramid – Meb Faber Research

The New Food Pyramid – Meb Faber Research

by Index Investing News
January 15, 2026
0

Lots of chatter about the new Food Pyramid, which is a near inverse of the rankings...

Martin Marietta Materials: Residential Recovery And Margin Expansion Drives Growth (MLM)

Martin Marietta Materials: Residential Recovery And Margin Expansion Drives Growth (MLM)

by Index Investing News
January 7, 2026
0

This article was written byFollowI have over 15 years of experience investing and have provided research services to mid-sized hedge...

U.S. stocks show little reaction to Trump’s extraordinary Venezuela action. Why investors see a bull case

U.S. stocks show little reaction to Trump’s extraordinary Venezuela action. Why investors see a bull case

by Index Investing News
January 19, 2026
0

The stock market showed little reaction to President Donald Trump's extraordinary action in Venezuela as investors bet the attack, as...

Next Post
Adani’s .5 billion share sale faces crucial day after Indian rout By Reuters

Adani's $2.5 billion share sale faces crucial day after Indian rout By Reuters

Part 2: Unlock your leadership potential with adult development

Part 2: Unlock your leadership potential with adult development

RECOMMENDED

Reporters Don’t Write Headlines

Reporters Don’t Write Headlines

November 5, 2023
Trump Administration Sues Illinois, Chicago Over Sanctuary Legal guidelines

Trump Administration Sues Illinois, Chicago Over Sanctuary Legal guidelines

February 6, 2025
‘Disgrace of a nation’: 84 arrested after gang rape in South Africa | Sexual Assault Information

‘Disgrace of a nation’: 84 arrested after gang rape in South Africa | Sexual Assault Information

August 1, 2022
F1 Academy drivers to earn FIA Super Licence points in recognition of ‘commitment to driver development’ | F1 News

F1 Academy drivers to earn FIA Super Licence points in recognition of ‘commitment to driver development’ | F1 News

February 5, 2024
Trump Lawyer Informed Justice Dept. That Labeled Materials Had Been Returned

Trump Lawyer Informed Justice Dept. That Labeled Materials Had Been Returned

August 14, 2022
Membership Brugge vs Atalanta: Preview, predictions and lineups

Membership Brugge vs Atalanta: Preview, predictions and lineups

February 12, 2025
Kyle Richards & Dorit Kemsley Get Into Explosive Combat Over Kyle’s Texts with PK

Kyle Richards & Dorit Kemsley Get Into Explosive Combat Over Kyle’s Texts with PK

December 21, 2024
All the pieces We Know So Far – Hollywood Life

All the pieces We Know So Far – Hollywood Life

July 20, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In