(Bloomberg) — Boeing Co. and Airbus SE, which until recently couldn’t make planes fast enough to satisfy airlines, are suddenly contending with the opposite risk: churning out jets with no buyers.Demand for new aircraft is drying up as customers wary of the coronavirus shun air travel, ending the longest boom in aviation history. That 16-year surge began as airlines emerged from another infectious disease crisis, the one related to Severe Acute Respiratory Syndrome, or SARS. Now the new virus points to leaner times.In less than a month, the tumult has clipped about $175 billion in market value from the U.S. …read more
Source:: Yahoo Finance
