Boeing, Airbus and their engine supplier GE outlined survival plans as their airline customers reeled from the coronavirus pandemic
The world’s biggest aerospace companies outlined survival plans that include thousands of job cuts and raising fresh funds as their airline customers reeled from the coronavirus pandemic and the near-collapse of global passenger air travel.
Boeing Co., rival Airbus SE and their engine supplier General Electric Co. on Wednesday detailed their initial responses to the crisis that has engulfed the industry after travel restrictions and fear of flying grounded more than half the global jet fleet.Boeing’s two 737 MAX 8 crashes and the investigation that followed ruined not just the aircraft manufacturer’s reputation but also its bottomline.
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