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The jumbo jet's days as a passenger plane are numbered. The Boeing 747, once the go-to passenger jet for airlines around the world, is destined to live out its days as a cargo jet.
"The future of the 747 is in the cargo business," Boeing vice president of marketing Randy Tinseth told Business Insider at the 2018 Farnborough International Airshow.
Boeing - Passenger - Jets - Customers - Order
According to Boeing, of 42,730 passenger jets customers are expected to order over the 20 years, only 60 will be aircraft similar in size to the jumbo jet. That works out to three Boeing 747-8s or Airbus A380s a year.
And even then, they are mostly expected to be VIP transports, Tinseth said.
July - Boeing - Orders - Cargo - Variant
Through July, Boeing has just 22 unfilled orders for the 747 and all of them are for the cargo variant.
Over the past decade, Boeing did manage to sell 47 747-8 Intercontinental passenger jets that are currently in service with Air China, Korean Air, and Lufthansa.
Korean - Air - Lufthansa - Boeing - A380
Korean Air and Lufthansa operate both the Boeing 747 and the rival A380 Superjumbo.
According to Lufthansa Group CEO Carsten Spohr, the decision operate the 747 instead of smaller aircraft has to do with the amount of room the plane affords its premium cabin.
"No airline in...
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