Thanks for the help, I was guessing something like that was the issue. At first I thought the paint was on the outside of the shrink wrap... but when I realized it was underneath, I knew there had to be a back story.
I have a Hasegawa Ld5 Singapore 747 Jumbo 1/200 model factory sealed from 1987. The funny thing is that UNDERNEATH the factory sealed plastic, the word "Boeing" is crossed out with what appears to be silver model paint. Was there a trademark issue? This is the only one I have seen with the word "Boeing" crossed out. Thanks!