Guillaume Faury

The boss of Airbus has a strong assessment of the effects of the Corona-Virus-pandemic-on the aircraft manufacturer.

In a letter to employees, Guillaume Faury , warned The Company was "bleeding cash at an unprecedented speed".

This month, The Company announced that it was cutting aircraft production by one-third.

It Comes as the aviation industry is expected to significantly shrink in the course of the Covid-19-outbreak.

Mr Faury said Airbus' 135,000 employees in the brace for a potentially deep job cuts and warned that their survival was At Stake , and without Immediate Action .

Airbus is to deliver This Week due to the financial results for The First quarter of the year. These figures are from the pandemic, the global airlines are struggling to survive and almost completely stopped, aircraft deliveries has been overshadowed, since locks have started in March.

Greg Waldron, aviation industry news website, flightglobal, underscore the great impact of coronavirus on the Airbus and the sector as a whole, said: "Every assumption we had about the industry has been completely upended.

"The Outlook for Airbus, has a negative impact from very positive to very. There is simply no demand for new aircraft at The Moment . "

In response to the pandemic, Airbus had already started with the implementation of government-sponsored holiday systems starting with 3,000 employees in France and said it would lower performance of its narrow-body jets to 40 a month

Airbus has some 13 500 employees in the United Kingdom, with most of them to make the wings of their two great locations in Broughton in North Wales , and Filton, Bristol.

in Spite of the large bubbles, which has the coronavirus from Airbus, Mr Waldron thinks it will Survive This crisis, but not without significant redundancies.

"Airbus is a crucially important industry for Europe, I think Europe is committed to keep Airbus to go," He Said .

"Yes, it's a lot of pain to go through. If you cut-production-rates quite significantly-you will get to see large number of layoffs. I would expect that in a few years you will see a small slimmer Airbus than what we have now. "

Airbus did not immediately respond to a request for comment from The Bbc .

Meanwhile, Airbus's main rival Boeing a big crisis due to the year-long grounding of its 737 Max passenger jet is fighting, which was its best-selling plane.

On Saturday, the US aviation giant has scrapped a $4. 2 billion (£3. 4bn) tie-up with Brazil's Embraer. Some industry analysts saw The Move as triggered by the crisis, although The Company cited contractual reasons for the decision.

Source of news: bbc.com