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Airbus Releases Q1 Report Amid “The Gravest Crisis the Aerospace Industry Has Ever Known”

European Manufacturer Airbus has released its Q1 2020 results today. The reports show a loss of €481m (US$522m), as countries continue to enforce restrictions on air travel and the need for new aircraft quickly diminishing around the globe. “We are now in the midst of the gravest crisis the aerospace industry has ever known,” says Airbus Cheif Executive Officer Guillaume Faury, as he gives a strong message out alongside the companies Q1 report. ( More...

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