Up in the air Airbus chief in fresh warning of headwinds
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.