Airbus warns of new production cuts as finances diminish
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Airbus warns of new production cuts as finances diminish


AFP
| 2020/04/28 | 214 words | LE JOURNAL DE L'AVIATION | INDUSTRY / TECHNOLOGY

Airbus chief executive Guillaume Faury has warned employees of new production cuts at the European aircraft maker due to the crisis caused by the coronavirus, saying that its finances were diminishing at an unprecedented rate, according to a letter obtained by AFP Monday.The company had said on April 8 that it had cut production of its planes by around a third, as global airlines scale back their plans in an unprecedented crisis for the industry.Faury said in a letter to staff that this prod...(…)

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