Boeing ‘nearing’ €3.5bn 747 jumbo jet deal with Russian company

Boeing is nearing a $4 billion (€3.53bn) deal with Russia’s largest air-freight company that would help extend the life of the iconic, hump-nosed 747 jumbo jet amid waning demand for four-engine aircraft, people close to the transaction said.

The U.S. planemaker is in advanced talks with AirBridgeCargo Airlines and its Moscow-based parent, Volga-Dnepr Group, to convert a year-old commitment into more than 10 firm orders for 747-8 freighters.

The agreement could be announced as soon as the Farnborough Airshow next month in England.