Coronavirus: Airbus boss warns company is ‘bleeding cash’

Coronavirus: Airbus boss warns company is ‘bleeding cash’

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The chief executive of Airbus has reportedly issued a stark assessment of the impact of the coronavirus pandemic on the plane maker.

In a letter to workers, seen by news outlets, Guillaume Faury is said to have warned the company was “bleeding cash at an unprecedented speed”.

This month the firm announced it was cutting aircraft production by a third.

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