A 40% drop in global revenue passenger miles followed by a rapid snap-back and leveling out of 5% year-over-year growth starting in 2023 would cut near-term new-aircraft demand about 25% from pre-coronavirus pandemic estimates, Vertical Research Partners analysts conclude.
OneWeb Satellites said March 30 it is temporarily furloughing an undisclosed number of employees at its Titusville, Florida, manufacturing facility, citing slowing supply chains and travel disruptions due to the spread of COVID-19.