Boeing ran the test flight for its largest new plane 747-8 on the last Monday. Due to some unfavorable weather condition the flight was delayed a little bit and but everything went well as reported.

Boeing’s 747-8 is both a passenger and freighter plane. It was supposed to be in the market last year itself, but the prevailing worst postwar conditions forced the delay. According to the International Air Transport Association (IATA) the passenger demand fell to 3.5% last year. Moreover freight demand fell down by 10 percent with a load factor of below 50 percent. As reported by the IATA, because of excessive aircraft delivery in the market profit will continue rising.

Airbus 380 is giving a tough competition to all the existing airplane manufacturers in the market. As reported by Boeing, it has succeeded in selling only 108 aircrafts.

There is a hope for jumbo jet technology in the near future when the economy stabilizes. According to Boeing, 747-8 is around 10 % less costly than the exisiting 747-400 and the company has all intentions to replace it with the newer one. 747-8 engines manufactured by General Electric also produce fewer emissions as compared to the previous one.