Airbus signs credit facility for $23.4b, withdraws 2020 guidance

📆 3/23/2020 10:58 AM
📰 The Straits Times

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PARIS (REUTERS) - Planemaker Airbus announced new steps on Monday (March 23) to bolster its financial position as a coronavirus pandemic cripples the travel industry, including the signing of a credit facility for 15 billion euros (S$23.45 billion).. Read more at straitstimes.com.

PARIS - Planemaker Airbus announced new steps on Monday to bolster its financial position as a coronavirus pandemic cripples the travel industry, including the signing of a credit facility for 15 billion euros .

"We have withdrawn our 2020 guidance due to the volatility of the situation," chief executive Guillaume Faury said in a statement. Airbus said it had enough liquidity to cope with any further cash requirements related to the coronavirus, adding that it had around 30 billion euros worth of available liquidity.

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