FILE - The logo for Boeing appears on a screen above a trading post on the floor of the New York Stock Exchange, July 13, 2021. (AP Photo/Richard Drew, file)
Boeing is set to deliver the last commercial 747 'Jumbo Jet' to Atlas Air this week, closing an era that began 53 years ago with the iconic Pan Am passenger jet. The jet was designed to meet the needs of mass air travel, with its wide body, twin-asiles, and humpback profile.
The plane was assembled at Boeing Everett production line in Washington. Atlas Air is a New York-based cargo, charter, and passenger airline.
The plane has a cult following among some aviation aficionados. One such fan, Iron Maiden frontman Bruce Dickinson, took the band on tour in its own 747 known as "Ed Force One.
While Boeing will no longer produce 747s, jumbo planes are currently experiencing a resurgence. Airlines have started using the larger planes amid delivery delays of newer aircraft.
After a difficult couple of years for Boeing following the crash of two 747 Max planes, the company is now seeing a spike in new orders. The company delivered 480 planes in 2022, compared to 340 in 2021, and accepted 774 new orders last year, compared to 479 the year before.
Fintech pioneer Tom Sosnoff discusses the evolution of retail investing, the rise of AI, and his new platform Lossdog aimed at the next generation of trading.
The FAA prepares to select cities for its eVTOL pilot program, marking a major step toward electric air taxis and the future of urban air mobility in the U.S.
Rising oil prices tied to the Iran conflict are driving up gas and airfare costs, creating new challenges for travelers heading into the spring break season.
The Supreme Court strikes down Trump-era tariffs, limiting presidential trade powers and raising questions about refunds, global trade, and business impact.
New research from GoDaddy and UCLA shows small businesses signal shifts in GDP, jobs, and digital growth earlier than traditional data or Wall Street trends.
GoFundMe launches Back in Business Fund with Paris Hilton to provide targeted grants helping women entrepreneurs recover and rebuild after natural disasters.
Samsung launches its “AI in Action Lab” in NYC, giving public high school students hands-on AI experience and tools to prepare for real world innovations.
Gen Z workers are increasingly worried AI could replace their jobs. However, experts say companies are using AI more to assist workers than replace them.