Boeing is lowering its expectations around demand for new planes over the next decade as the coronavirus pandemic continues to undercut air travel. The company on Tuesday predicted that the world will need 18,350 new commercial airplanes in the next decade, a drop of 11% from its 2019 forecast. The value of that market will slide by about $200 billion from last year’s forecast, to $2.9 trillion. Boeing Co. largely stuck to its rosy forecast for long-term demand, predicting that increasing air travel in Asia will help create a market for more than 43,000 planes over the next 20 years, down about 1,000 from its 2019 outlook. The long-term optimism is based on history, including aviation’s eventual recovery after the Sept. 11, 2001, terror attacks and other crises, said the company’s vice president of commercial marketing, Darren Hulst. Chicago-based Boeing, which along with Europe’s Airbus dominates the aircraft-building industry, […]