Where did the planes go?

Posted by Bill Blain, The Morning Porridge

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Boeing’s miserable results and outlook yesterday will be reinforced by similar dire numbers from Airbus. The US plane maker delivered a mere 20 aircraft in Q2. Revenues from passenger plane sales tumbled 68% while income from service and maintenance nose-dived. It’s cutting production as orders are delayed or cancelled. It doesn’t expect aviation to return to normal for 3 years, and plans to lay off…Click to read full article.

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