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The chief executive of Plane has released a plain evaluation of the impact of the coronavirus pandemic on the airplane maker.
In a letter to employees, Guillaume Faury warned the company was “bleeding money at an extraordinary speed”.
This month the firm announced it was cutting airplane production by a third.
It comes as the aviation market is anticipated to diminish considerably in the wake of the Covid-19 outbreak.
Mr Faury also informed Airbus’ 135,000 personnel to brace for possibly deep task cuts and warned that its survival was at stake without instant action.
Jet is today due to deliver monetary outcomes for the very first quarter of the year. Those figures will be overshadowed by the pandemic that has actually left international airlines having a hard time to endure and nearly totally stopped aircraft d