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The Coronavirus Is Ending a 16-Year Plane Boom for Boeing and Airbus

  • Airline appetite for new aircraft is waning as bookings tumble
  • Boeing halts hiring, plans to tap rest of $13.8 billion loan
Bloomberg business news
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Boeing Co. and Airbus SE, which until recently couldn’t make planes fast enough to satisfy airlines, are suddenly facing 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 a new pandemic points to leaner times.