Back in the late ’80s, global airlines scrambled to place orders for Boeing’s (BA) 747-400 widebody, then the industry’s most coveted aircraft for its sheer size, high-tech cockpit, and creature comforts. Now, ten-year-old passenger 747-400s are worth a record-low $36 million, about 10 percent less than similarly aged planes last year.
Higher fuel prices and a shift to either smaller 777s or larger Airbus models are leaving little space for the one-time “Queen of the Skies.”
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