Boeing's Endangered 747 Gets Lifeline as UPS Buys 14 Jumbos
- Order extends the humpbacked jet’s production into the 2020s
- Courier also takes four 767 freighters as deliveries increase
A Boeing 747 cargo jet at the UPS Worldport facility in Louisville, Kentucky.
Photographer: Luke Sharrett/Bloomberg
This article is for subscribers only.
The long goodbye for Boeing Co.’s iconic 747 jetliner is turning out to be a little premature.
The planemaker won a $5.65 billion lifeline for the endangered jumbo as United Parcel Service Inc. exercised options for 14 more of the freighters. The deal came weeks after Delta Air Lines Inc. parked the last of its 747 aircraft, marking the end of U.S. passenger service for the iconic humpbacked plane nicknamed the Queen of the Skies.