Could a stronger Air Freight market save the Boeing 747?
By Dan Boaz | Apr 21, 2015
When you think about the modern era of international jet travel chances are your mind will conjure up images of the Boeing-747. Whether it was passengers or international air freight the original jumbo jet truly revolutionized intercontinental transportation from the moment it arrived on the commercial aviation scene back in 1970. Incidentally that first scheduled commercial flight was a Pan Am service from Washington D.C. to London. To date more than 1,500 Boeing 747's have been built.
Forty-five years later it seems that the future of one of the most famous aircraft ever produced is in increasing doubt as demand for the wide body jet has reached an all time low. Some observers venture that the only likely future for the famed Boeing could be reliant on continued growth in the long-haul air freight market.
The writing, however, seems to be on the wall as 2014 saw zero orders placed by commercial carriers for new Boeing 747s, forcing the future of the plane into serious doubt. More economical twin-engine jets are dominating the market like never before and the tide doesn't look like changing in the near future. Against such a background, it is no wonder that industry analysts speculate whether Boeing can even commit to keeping production of the 747 an option for potential buyers as they naturally seek the most efficient plant production schedules.
The next few years will likely make or break the immediate future of the 747 as Boeing seek new orders that will see the aircraft still being produced until the end of this decade. While there are many commercial airliners that can carry the passenger volume that carriers seek, it is the cargo capacity that could see the 747 find a new lease of life.
Even so Boeing have slowed production by about 20% for the 747 meaning that with existing orders on the books production looks secure through the end of 2017. This leaves air freight capacity both in terms of overall weight but also size as the primary advantages for the 747 on the global market meaning that a strengthening international air freight market may dictate the future of the Queen of the Skies.
AirFreight.com led by Dan Boazoperates as a global provider of premium freight services in a best-in-class segment of the expedited transportation industry.
Our services include: Air Freight, Air Cargo, Air Charter, Expedited Ground Transport and Just in Time Delivery for the Time Critical Shipping Business. Contact us today to have an Air Freight expert assist you or complete our freight quote form to get started.
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