“..the survival of Airbus is in question if we don’t act now,” Airbus warns staff.. – : Newsflight :
Business Jet Uncategorized , April 27,2020
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Airbus says it is “bleeding cash at an unprecedented speed” as it slashed production rate and virtually halted jet deliveries since mid-March.

The European planemaker said in a letter to its staff, warns company’s 135,000 employees to brace for potentially deeper job cuts and warning its survival is at stake without immediate action.

In a letter to staff sent on Friday, Chief Executive Guillaume Faury said Airbus was “bleeding cash at an unprecedented speed” and “..the survival of Airbus is in question if we don’t act now,”

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