Airbus production likely to plunge 40% over the next 2 years in aftermath of Covid-19

European plane maker

European plane maker Airbus is bracing for a huge drop in production, threatening to set development back 15 years, the company’s chief executive, Guillaume Faury, says.

“For the next two years – 2020/21 – we assume that production and deliveries will be 40% lower than originally planned,” the CEO said in an interview with Die Welt newspaper.

Continue reading