In February 2015, the Boeing 747-eight Intercontinental was given 330-minute ETOPS approval, the first time that ETOPS-330 approval was given to a four-engined aircraft. The chief purpose given was that the recovery of the air cargo market had stalled, leading to slowed demand for the 747 freighter. The world's air cargo fleet in 2012 was smaller than it was in 2003. However, free slots the proportion of very large freighters in that fleet has elevated, and Boeing's dominant place in massive, gas-efficient freighters has offered the company a possibility to protect its market share and its product line despite the market weakness.
Boeing expected the cargo market to enhance by mid-2019 and were planning to increase the 747's manufacturing rate again to 1/month from then on. The overall demand for the 747-eight turned out to be nicely below Boeing's initial projections as effectively, which led to several reductions in production fee. In January 2016, Boeing confirmed that it was reducing 747-eight production to 0.5 per month starting in September 2016, incurring a $569 million post-tax cost in opposition to its fourth-quarter 2015 profits.
On April 21, 2010, Boeing chief govt officer Jim McNerney introduced that the company would be accelerating the production of both the Boeing 747 and 777 to help increasing customer demand.
On December 4, 2009, Korean Air became the second airline buyer for the −8I passenger mannequin, with an order for 5 airliners. In February 2009, just one airline buyer (Lufthansa) had ordered the 747-8I passenger mannequin, and Boeing introduced that it was reassessing the 747-8 challenge
n The primary 747-8I was delivered in May and started commercial service on June 1, 2012, with Lufthansa. Archived March 2, 2012, Online slots at the Wayback Machine. On March 15, 2010, the second 747-8F first flew from Paine Field to Boeing Field, the place it was briefly based mostly earlier than shifting to Palmdale to proceed flight testing Spin win with free slots online Online slots - click the up coming post, the primary −8F. By March 11, 2010, Spin win with Free Slots the 747-8F had flown thirteen flights protecting a total of 33 hour
In 2019, list-value unit cost of a 747-8I was US$418.4M and a 747-8F US$419.2M. In June 2015, Boeing predicted new orders for the 747-8F based mostly on its projections of a 4.7% annual improve in air cargo demand.
Another effort to increase efficiency (by means of weight savings) was the introduction of fly-by-wire technology for the vast majority of the lateral controls. Demand has been chiefly for the 747-8F, which accounts for nearly all of 747-eight aircraft ordered.