Up in the air Air­bus chief in fresh warn­ing of head­winds

The Daily Telegraph - Business - - Business -

Air­bus said it is braced for a diplo­matic cri­sis in com­ing years which could pile even more pres­sure on an in­dus­try al­ready reel­ing from coro­n­avirus.

Guil­laume Faury, chief ex­ec­u­tive of the pan-Euro­pean plane maker, has al­ready announced 15,000 job losses and cut pro­duc­tion of air­craft by third. How­ever, he warned of fur­ther trou­bles ahead in 2021 or 2022. He said:

“There might be an­other cri­sis... We see a lot of in­ter­na­tional ten­sions, we see that the world is re­ally chang­ing very fast.”

Mr Faury added that as well as coro­n­avirus, air travel firms also face chal­lenges from cy­ber threats and new en­trants.

He added that Air­bus re­mains in talks with the UK about sup­port. France and Ger­many have al­ready doled out aerospace aid.

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