Coronavirus: Aviation in brace position

Coronavirus: Aviation in brace position

US planemaker Boeing on Wednesday forecast that the commercial aviation and services markets will continue to face significant challenges due to the coronavirus pandemic, resulting in 11 per cent fewer new jets being delivered in the next decade compared to previous forecasts.

The 2020 Boeing Market Outlook (BMO) includes projected demand for 18,350 commercial aeroplanes in the next decade - 11 per cent lower than the comparable 2019 forecast - valued at about $2.9 trillion. This will be about 2,200 fewer large aircraft built by all manufacturers, or 220 less per year on average.

The BMO forecast, which assumes that the pandemic's impact will hit hardest through the next three years, estimates a total market value of $8.5 trillion over