The utter collapse of demand for air travel means its airline customers may not need those Boeing jets -- and might not even accept them
New York Boeing's assembly lines will lurch to a start next week, building commercial aircraft for the first time since its Washington state assembly shut down a month ago. But the utter collapse of demand for air travel means its airline customers may not need those jets -- and might not even accept them.
"If you're an airline today, your last focus these days is buying airplanes, your primary focus is survival," said Ron Epstein, aerospace analyst with Bank of America Merrill Lynch.News that Boeing plans to resume production helped lift its shares 14% Friday. But it doesn't change the fact that so far this year Boeing has had four times as many orders for new jets canceled -- 196 -- as it has booked new orders.
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