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Boeing 747 Gets a Reprieve and the Airbus A380 Gets a Cutback

Production of both of the world's two best-known four-engine jumbo jets is in decline, but the two airplanes took different directions at the 2016 Farnborough Airshow.

The Boeing (BA) 747 found a new customer, albeit a cargo customer. The Airbus A380 took a production cut.

The 747 may or may not have been given a "modest reprieve," said Richard Aboulafia, Teal Group aerospace analyst. ""The A380 is on its way to an inevitable death, hastened by {Tuesday's} Airbus announcement,"

The Boeing 747, once the most glamorous passenger airplane in the world and even today the airplane that carries the president of the United States, is now viewed largely as a cargo aircraft with diminishing production. Boeing slowed production to one jet a month in March.