China News Service, April 28, according to Singapore's Lianhe Zaobao.com, the European aircraft manufacturer Airbus recently said that cash is being lost, and it is necessary to quickly cut costs through layoffs and other means to adapt to the rapid decline of the aviation industry.
Airbus CEO Guillaume Faury said in a letter to employees that due to the survival crisis of airline customers and the inability to accept new aircraft, Airbus ’delivery plan faces challenges and the company is reassessing the aerospace industry Long-term prospects.
He also said that the plan to reduce production by one third announced earlier this month may not reflect the worst.
Furry wrote, "Our cash is being lost at an unprecedented rate, which may threaten the survival of our company." He said, "We must now take urgent action to reduce our cash expenditures, restore our financial balance, and Eventually restore control of our destiny. "
Airbus declined to comment on its internal communications.
The European manufacturer and its US competitor Boeing are struggling to cope with the plunge in demand caused by the new crown epidemic, which has shaken their dominant commercial aviation industry.
Airbus has increased its liquidity by 15 billion euros to weather the crisis, and Boeing is negotiating US assistance. Both companies are preparing for layoffs while seeking to measure the depth of the recession and the speed of recovery.