PANDEMIC HASN'T DIMMED BOEING'S ROSY PREDICTION FOR PLANES

Boeing said this week 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.