Boeing Sees Air Traffic Recovering In 2-3 years; And Production Will Take Longer
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April 27, 2020 - by Scott Hamilton for leehamnews.com
Passenger traffic should recover to 2019 pre-COVID-19 levels in two to three years. But resuming production at pre-COVID rates will take longer.
Boeing also needs to borrow more money in the next six months to get through the crisis.
These were among the announcements at the Boeing annual shareholders meeting today at which all 12 management-support directors were elected or reelected to the Board of Directors.
Pointless to continue with JV
David Calhoun, the Boeing CEO, also said that after two years, it was pointless to continue...
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