British Airways (LSE: IAG) is making good on a recent announcement to ground all 31 of its Boeing 747-400 jumbo aircraft by removing the first plane on Tuesday.
The airline has operated the 747 since 1971. At one time British Airways had 57 of the jumbo jets in its fleet. Efforts to reduce fuel consumption and the coronavirus pandemic’s devastating financial impact on the aviation industry have accelerated British Airways’ effort to ground the planes.
The first plane to be retired has been part...
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