Why would you want to be in the commercial aviation game? There is no business at the moment. And, when it does return, no one knows what it is going to look like.
Those were the thoughts of one aviation executive this week and a pretty good summary of the coronavirus-infected civil aerospace investment case.
The global market for commercial jetliners is dominated by two players: Boeing of the United States, whose main final assembly lines are in Seattle on the west coast, and Airbus in Europe, which fits together most of its planes in Toulouse in southern France. In a typical year — and we haven’t had one of those for a while — they would be nip and tuck to see who delivers
