Global aviation will be slow to recover post-coronavirus, says Boeing CEO

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"1">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>The impact of coronavirus on the aircraft manufacturing industry will be felt for years&comma; Boeing’s chief executive has said&period;<&sol;p>&NewLine;<p>The Covid-19 pandemic has seen widespread reductions in air travel with airlines parking 2&comma;800 jets&period;<&sol;p>&NewLine;<p>Boeing was in trouble before the coronavirus outbreak with its best-selling jet&comma; the <a href&equals;"https&colon;&sol;&sol;londonglossy&period;com&sol;boeing-737-max-8-grounded-after-ethiopian-airlines-crash&sol;"><span style&equals;"text-decoration&colon; underline&semi;">737 Max<&sol;span><&sol;a>&comma; grounded after two crashes killed 346 people&period;<&sol;p>&NewLine;<p>Speaking to shareholders on Monday&comma; David Calhoun said&colon; <em>&OpenCurlyDoubleQuote;We are in an unpredictable and fast-changing environment&comma; and it is difficult to estimate when the situation will stabilise&period;<&sol;em><&sol;p>&NewLine;<p><em>&OpenCurlyDoubleQuote;But when it does&comma; the commercial market will be smaller and our customers’ needs will be different&period;”<&sol;em><&sol;p>&NewLine;<p>The virus outbreak has added to Boeing’s troubles by causing airlines to delay or cancel plans to buy new jets&period;<&sol;p>&NewLine;<p>It also caused Boeing to shut down assembly plants for several weeks&comma; although it recently reopened in the Seattle area and announced on Monday that it will resume production in a South Carolina plant in less than a week&period;<&sol;p>&NewLine;<p>Boeing is expected to apply for a share of 17 billion dollars &lpar;£13&period;7 billion&rpar; in low-interest loans that US Congress and the Trump administration set aside for defence companies&period;<&sol;p>&NewLine;<p>Mr Calhoun said&colon;<em> &OpenCurlyDoubleQuote;We know we are going to have to borrow more money in the next six months in order to get through this really difficult moment&period;”<&sol;em><&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ed5a4152974">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;divId&colon; 'atatags-dynamic-belowpost-68ed5a4152974'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;format&colon; 'belowpost'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; document&period;readyState &equals;&equals;&equals; 'loading' &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;document&period;addEventListener&lpar; 'DOMContentLoaded'&comma; window&period;getAdSnippetCallback &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; else &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback&lpar;&rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<&sol;script>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>


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