Boeing cuts industry demand forecast on pandemic crisis | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 86%

United States News News

United States United States Latest News,United States United States Headlines

SEATTLE, Oct 6 — Boeing cut its rolling 20-year forecast for airplane demand today as economic turmoil from the Covid-19 pandemic lays waste to deliveries in the next few years. Boeing, which dominates jet sales together with Europe’s Airbus, forecast 43,110 commercial aircraft deliveries over...

Boeing 737 Max aircraft are parked in a parking lot at Boeing Field in this aerial photo taken over Seattle, Washington, US, June 11, 2020. — Reuters pic

While fleets are still expected to almost double, it is the first time Boeing has cut the 20-year demand forecast in terms of the number of deliveries since the 2009 financial crisis. “The industry clearly has been dramatically impacted ... by the pandemic,” Commercial Marketing Vice-President Darren Hulst said.

“It will take longer from this crisis but ... the industry will prove resilient again; the fundamentals aren’t changing,” Hulst said. Boeing cut its 20-year forecast for twin-aisles like its 787 Dreamliner and the Airbus A350 by 10.3 per cent. At 7,480 jets, down from 8,340 a year ago, that part of the 20-year forecast is now below 8,000 units for the first time since 2010.

Boeing now sees 32,270 deliveries in this medium-haul category, traditionally the cash cow of large planemakers. That includes 13,570 deliveries between now and 2029.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in US

United States United States Latest News, United States United States Headlines