Boeing CEO says air travel rebound could take 2-3 years

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Boeing CEO says air travel rebound could take 2-3 years

Apr 28, 2020 16:25 IST

American aeroplane manufacturer Boeing's CEO David Calhoun has said that it could take 2-3 years for the air travel industry to return to its pre-pandemic state, in a shareholder address. The impact of coronavirus and global shutdowns will be felt deeply by Boeing and its competitor Europe's Airbus, which has cut production rates by a third. According to a CNBC report, Calhoun said that the commercial market will become smaller, and customers’ needs will be different. Domestic travel will pick up faster, which will mean a higher demand for narrow-body planes.