The Traderszone Network

Published in TZ Latest News 17 June, 2015 by The TZ Newswire Staff

Boeing gets 747 boost as Russian firm signs up for more freighters

Russian cargo airline Volga-Dnepr Group has signed a memorandum of understanding to buy and lease a total of 20 more Boeing (BA.N) 747-freighters in what would be a major boost for the U.S. planemaker’s struggling four-engined jumbo. Both Boeing and European rival Airbus (AIR.PA) have seen orders for their biggest planes dry up as customers opt for improved twin-engined jets that can fly almost as far. At Boeing, that has put a question mark over production of the 747, with analysts warning the company could face a $1 billion accounting charge if the program was shut down.