Airbus CEO: ‘We are now in the midst of the gravest crisis the aerospace industry has ever known’

    Airbus CEO Guillaume Faury reported (29-Apr-2020) the company experienced “a solid start to the year both commercially and industrially but we are quickly seeing the impact of the COVID-19 pandemic coming through in the numbers”. Mr Faury said: “We are now in the midst of the gravest crisis the aerospace industry has ever known” and is implementing a number of measures to ensure the future of Airbus. Mr Faury stated the company has bolstered “available liquidity to support financial flexibility. We’re adapting commercial aircraft production rates in line with customer demand and concentrating on cash containment and our longer term cost structure to ensure we can return to normal operations once the situation improves”. [more – original PR]