Pandemic hasn't dimmed Boeing's rosy prediction for planes

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Pandemic hasn't dimmed Boeing's rosy prediction for planes
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The company's outlook is even rosier than the one it gave in 2019, before the pandemic, when it predicted industrywide sales of $8.7 billion market over the next decade.

The inspections focus on cabin air pressure switches after reports of failures during some flights. An airplane operator reported that switches on three planes failed tests in September.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.

As recently as 2018, Boeing 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 commercial-planes business. Since then it has also struggled with production flaws on another plane, the larger 787.

“We lost about two years of growth,” said Darren Hulst, Boeing vice president of commercial marketing. “However, we see recovery to pre-virus levels by the end of 2023 or early 2024.”

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