<P> On November 14, 2005, Boeing announced it was launching the 747 Advanced as the Boeing 747 - 8 . The last 747 - 400s were completed in 2009 . As of 2011, most orders of the 747 - 8 have been for the freighter variant . On February 8, 2010, the 747 - 8 Freighter made its maiden flight . The first delivery of the 747 - 8 went to Cargolux in 2011 . The 1,500 th produced Boeing 747 was delivered in June 2014 . </P> <P> In January 2016, Boeing stated it was reducing 747 - 8 production to six a year beginning in September 2016, incurring a $569 million post-tax charge against its fourth - quarter 2015 profits . At the end of 2015, the company had 20 orders outstanding . On January 29, 2016, Boeing announced that it had begun the preliminary work on the modifications to a commercial 747 - 8 for the next Air Force One Presidential aircraft, expected to be operational by 2020 . </P> <P> On July 12, 2016, Boeing announced that it had finalized terms of acquisition with Volga - Dnepr Group for 20 747 - 8 freighters, valued at $7.58 billion at list prices . Four aircraft were delivered beginning in 2012 . Volga - Dnepr Group is the parent of three major Russian air - freight carriers--Volga - Dnepr Airlines, AirBridgeCargo Airlines and Atran Airlines . The new 747 - 8 freighters will replace AirBridgeCargo's current 747 - 400 aircraft and expand the airline's fleet and will be acquired through a mix of direct purchases and leasing over the next six years, Boeing said . </P> <P> On July 27, 2016, in its quarterly report to the Securities and Exchange Commission, Boeing discussed the potential termination of 747 production due to insufficient demand and market for the aircraft . With a firm order backlog of 21 aircraft and a production rate of six per year, program accounting has been reduced to 1,555 aircraft, and the 747 line could be closed in the third quarter of 2019 . In October 2016, UPS Airlines ordered 14 - 8Fs to add capacity, along with 14 options, which it took in February 2018 bringing the total ordered to 28 and increases the backlog to 25--including some to refractory airlines--with deliveries scheduled through 2022 . </P>

What is the cruising altitude of a boeing 747