Airbus CEO says all planemakers to suffer from 'lose-lose' trade war - News Summed Up

Airbus CEO says all planemakers to suffer from 'lose-lose' trade war


Airbus Chief Executive Guillaume Faury warned on Thursday any further escalation of trade tensions would damage aerospace firms globally, including the European planemaker’s U.S. rival Boeing. “The trade tensions that we see, we believe they are lose-lose tensions,” Faury told reporters on a visit to London. “These tensions, and the trade situation, are not supportive to any of the players in aerospace,” he said. Faury again dismissed any boost to Airbus from the crisis facing Boeing over its grounded 737 MAX after two crashes. Faury said jet demand remained stronger than Airbus - which has limited short-term spare capacity - could meet alone.


Source: The Star May 16, 2019 13:07 UTC



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