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IAG crashes: BA retires 747 fleet ahead of time by Covid-19

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IAG is the worst value of the Ibex this Friday, with cuts close to 4%. Its British airline British Airways, the world's largest operator of the Boeing 747, has announced that it will withdraw its entire jumbo fleet with immediate effect due to the impact of the Covid-19 pandemic.

The days of the legendary Boeing 747 were already numbered before the health crisis. BA had planned to withdraw the aircraft in 2024, but after the impact of the health crisis this year and with forecasts that it will be years before the situation recovers, the airline has communicated that it is unlikely that its 747s will operate again. commercially.

"It is with great sadness that we can confirm that we are proposing to withdraw our entire 747 fleet with immediate effect," BA said in a statement Thursday by Reuters.

The 747 aircraft democratized world air travel in the 1970s, but lagged behind modern twin-engine aircraft and now lags behind newer aircraft in terms of fuel efficiency, making it expensive to operate.

"Although the aircraft will always have a special place in our hearts, as we head into the future we will operate more flights on modern, fuel efficient aircraft such as our new A350s and 787s," added BA.

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