Wednesday, July 29, 2020
Boeing has said it will stop making its classic 747 plane and is eyeing steeper job cuts than those it has previously announced. The firm is also planning to slow production of many of its jets, including the troubled 737 Max.
The changes come as the firm disclosed a $2.4bn (1.8bn) loss as the virus depressed demand for air travel. "The reality is the pandemic's impact on the aviation sector continues to be severe," said Boeing boss Dave Calhoun.
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