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Boeing has received orders for four B747 jumbo jets worth $1.5 billion from an undisclosed customer.

While the orders for B737 were steady in the first quarter, the orders for B747 aircraft were on decline. In 2015, Boeing had received only two orders for the B747, which have a $379 million list price.

One of the reasons is that there is not much demand for the four-engine aircraft anymore. Customers have grown fond of other high efficient new generation aircraft.

Boeing itself is looking for transition of its two long range aircraft family, B747 and B767. It has slowed the B747 assembly line to produce just six aircraft a year.