The world has a sudden twin-aisle overcapacity problem. Orders have fallen precipitously, and the number of parked twin-aisles is rising. In July, Boeing warned that 747-8 production might end—the same month in which Airbus announced plans to cut A380 output to one per month in 2018. Boeing 777 output is falling to seven per month next year, and backlog softness implies further cuts until the 777X comes online around 2020. Plans to raise 787 output to 14 per month from the current 12 ...

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