Boeing announced production stoppage of the 747 jumbo jet following news that numerous airlines would be retiring their 747 fleets due to the effect of the COVID-19 pandemic, data and analytics firm GlobalData stated in a press release. British Airways, Qantas, KLM and Virgin Atlantic have either retired their fleets, or plan to do so ahead of pre-COVID-19 schedules.  GlobalData said that shedding Boeing’s ‘increasingly redundant’ wide-body product and focusing on narrow-body aircraft such as … [Read more...] about Boeing’s 747 to exit production as airlines adjust to new reality