Aviation firms battle cash crunch; calls Covid-19 'single biggest shock'

Topics Coronavirus


Boeing and other US aviation companies are seeking billions of dollars in aid as they battle to survive a plunge in demand caused by the coronavirus pandemic, while Airbus is pausing production at two sites to bolster health and safety measures.

The rapid spread of the virus across the world has battered airlines as governments have introduced travel restrictions and consumers have stopped making bookings, calling into question the survival of several companies. To preserve cash, airlines are cutting flights, laying off staff, suspending.....

This article is no longer available in our repository.

There could be multiple reasons for this.