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In a panel discussion in Chicago on Monday, Billy Glover, Boeing's vice president for environment in its commercial airplane sector, said the company hoped to stabilize its greenhouse gas emissions by 2020 by using more efficient planes and more biofuels, while still allowing air travel to grow.
The travails of the airplane sector are causing immense suffering.
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The bulk of exports to China and other Asian countries was energy sector equipment, airplanes and medical instruments.
The transport sector includes airplanes, ships, trains and all types of street vehicles (e.g. trucks, busses, cars, two-wheelers).
But the bulk of the decline came in the volatile transportation sector, which reflected a drop in airplane orders.
Practices in the aerospace sector demand suppliers agreeing with the airplane manufacturer in a particular fixed price contract for a system or component.
Transportation equipment, including cars, had gains across the board but the sector was led by strong demand for airplanes and aircraft parts.
The technologies and knowledge gained through this initiative will be passed on to the private sector with the hope that, eventually, electric airplanes will become commonplace and transform flying as we know it.
"I'd say nothing is impossible, given the last chapter of my life," he said in a rare interview recently aboard the state airplane, although he said he was more likely to return to the private sector.
The transportation sector can swing widely because it includes costly items like airplanes, ships and military equipment.
The American experience is to trust the private sector to produce everything from light bulbs to medicine, from airplanes to food.
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