The Washington Post
Boeing says demand for planes is rising
Boeing said Tuesday that the airline industry is showing signs of recovering from the pandemic, and it raised its bullish prediction about demand for airline and military planes and other aerospace products and services.
The company predicted that the aerospace market will be worth $9 trillion over the next decade. That is up from Boeing’s prediction of $8.5 trillion last year and $8.7 trillion in 2019, before the pandemic torpedoed demand for airline jets.
Separately, Boeing reported a small gain in new airliner orders during August, underscoring the fragile nature of the recovery in air travel. The company posted net orders for 23 commercial jets after accounting for 30 cancellations — 28 of them for the 737 Max.
As recently as 2018, Boeing had booked more than 1,000 orders. That was followed, however, by two deadly Max crashes that led regulators around the world to ground the plane for nearly two years, crippling Boeing’s commercialplanes business. Since then it has also struggled with production flaws on another plane, the larger 787. Boeing delivered 22 planes last month, trailing the 40 deliveries by European rival Airbus.