Anticipated effects of the COVID-19 pandemic—including a smaller global fleet, near-term retirements of older aircraft and expected cost-cutting by airlines over the next several years—have led Boeing to cut 10%, or about $100 billion, out of its 20-year forecast for commercial aviation services spending.
Etihad Engineering has been expanding its operations in aircraft maintenance and parking, to meet the new requirements of airline operators as fleets have been grounded due to the COVID-19 pandemic.