Work on the Princess was ultimately cancelled after having produced three examples, only one of which flew. By the mid-1950s, large commercial flying boats were being increasingly overshadowed by land-based jet airliners. Factors such as runway and airport improvements had added to the viability of land-based aircraft, which did not have to compromise to accommodate the additional weight and drag of the boat hulls that were necessary on seaplanes, or the mitigating measures needed against the corrosion caused by seawater. Following the project's termination, the three airframes were stored with the intention of selling them on; however, upon receipt of a promising offer for the aircraft, it was found that corrosion had set in while in storage. As a result, all three aircraft prototypes were subsequently scrapped.