Boeing CEO sees lasting impact of virus

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NEW YORK Boeing Co (BA.N) Chief Executive Dave Calhoun said the coronavirus pandemic was going to have a lasting impact on the global aerospace industry, as he outlined steps for a voluntary layoff plan for employees. “It will take time for the aerospace industry to recover from the crisis,” Calhoun said in a memo, adding that the company will “need to balance the supply and demand accordingly as the industry goes through the recovery process for years to come.”—Reuters