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Boeing 747's an icon, but future in doubt


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Boeing has cut its production target twice in six months. Just 18 will be produced in each of the next two years. Some brand-new 747s go into storage as soon as they leave the plant. Counting cancellations, it hadn't sold a single 747 this year until Korean Air bought five in October.

Boeing says it's committed to the 747, and sees a market for it in regions like Asia. But most airlines simply don't want big, four-engine planes anymore. They prefer newer two-engine jets that fly the same distance while burning less fuel.

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