Boeing Plans 11% Fewer Jet Deliveries Over Next 10 Years Because China Coronavirus - Slow, Painful Recovery
The pandemic's impact will hit hardest through the next three years...
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October 7, 2020 - by Dominic Gates for www.seattletimes.com
Boeing forecasts a slow, painful recovery for the aviation industry
Boeing projects that the global coronavirus pandemic will result in 11% fewer new jets being delivered in the next decade compared to previous forecasts.
That's about 2,200 fewer large aircraft built by all manufacturers, or 220 fewer per year on average. Those are mostly projected to be Airbus and Boeing jets but also includesmaller regional jets and some built by up-and-coming competition in China.
The projection, part of Boeing's annual 20-year forecast of total commercial jet industry demand, indicates the severity of the downturn in the aviation business, the challenges still ahead and a painfully slow path to recovery.
Boeing's forecast, released Tuesday, assumes that the pandemic's impact will hit hardest through the next three years.
Briefing journalists on the projections,...
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