In 1966, Pan Am ordered 25 Boeing 747-100s at a price amounting to $525 million. It was an excellent achievement for Boeing, knowing that the first order would cover over 80% of the development cost.
The aircraft in question is the Boeing 747, often called the "Queen of the ... With a top speed of 660 mph and a staggering price tag of £200 million for the latest models, the 747 remains ...
Rising fuel prices coupled with the development of more efficient, modern aircraft, meant that the Boeing 747 fell out of favor with airlines around the world in the early part of the 21st century.