We are now into 2020’s final quarter and signs the aviation industry’s miserable year might be on the cusp of a turnaround are few and far between. On Tuesday, A&D giant Boeing (BA) reduced its long-term forecast for commercial jet demand. Specifically, Boeing cut its demand expectations by 11% from 2019’s forecast, estimating that over the next decade, it will now deliver 18,350 commercial airplanes.The latest news adds to an ever-expanding list of setbacks this year. 2020 has witnessed cancelations on the deliveries of its commercial aircrafts, woeful earnings, reports of 787 Dreamliner manufacturing issues and a damning verdict by …read more
Source:: Yahoo Finance
