Following yesterday’s release of the International Civil Aviation Organization’s (ICAO) air travel forecast projecting a 1.2 billion travellers drop and US$160bn to US$253bn in revenue losses for the air travel industry in 2020 both Boeing and Airbus are facing major issues says Nicolas Jouan, Aerospace and Defense Analyst at GlobalData. According to Jouan, the hardest hit regions are set to be Europe, Asia-Pacific and North America, with air travel set to disappear almost entirely in 2020. The analyst says this projection is “deeply problematic” for Boeing and Airbus and will likely result in more order cancellations. “Boeing and Airbus have

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