Right now, the active 747 fleet has 4 742s (EFU, EGA, EGB, EGC), 2 743 Combis (EPW, EPX) and the 6 744s (ESM, ESN, ESO, ESP, EVA, EVB).
The 744s aren't going anywhere (1992-1996 deliveries). The 742s will be gone in a few years (late 70s/early 80s deliveries), and the 743s will follow a few years later (1988 deliveries).
Among other problems with the article, there is no approval to acquire a 737. Also, Frankfurt was discontinued in May of 1998, not 1991 as mentioned.
Finally, note that the ET is finally getting wind of the CDG/EWR and FRA services that I posted here sometime last month.
Sorry, but this article has about as much credibility as a virgin in a whorehouse.
"The A340-300 may boast a long range, but the A340 is underpowered" -- Robert Milton, CEO - Air Canada