Boeing CEO sees lasting impact of coronavirus pandemic on aerospace industry: memo

Boeing Co Chief Executive Dave Calhoun said on Thursday the coronavirus pandemic was going to have a lasting impact on the global aerospace industry, as he outlined steps for a voluntary layoff plan for employees.

FILE PHOTO: The Boeing logo is displayed on a screen, at the New York Stock Exchange in New York, U.S., August 7, 2019. REUTERS/Brendan McDermidREUTERS: Boeing Co Chief Executive Dave Calhoun said on Thursday the coronavirus pandemic was going to have a lasting impact on the global aerospace industry, as he outlined steps for a voluntary layoff plan for employees.

"It will take time for the aerospace industry to recover from the crisis," Calhoun said in a memo, adding that the company will"need to balance the supply and demand accordingly as the industry goes through the recovery process for years to come."

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