Coronavirus halts Aviation Industry globally

Thursday, July 2nd: Baaghi TV reports that many countries have banned and suspended flights to prevent the spread of the dangerous coronavirus from China, which has severely affected the global aviation industry.

Aerospace giant Airbus announced on Tuesday that it would cut about 15,000 jobs in its global workforce, the largest in the company’s history.

Citing a 40% drop in commercial aircraft business activity and the “extraordinary crisis” facing the airline industry, Airbus said it would cut its jobs worldwide by 10%, with France, Germany, Spain and the United Kingdom. Company employees have been given leave.

The company’s chief executive, Guillaume Fury, has warned employees that they will have to work harder now, not expecting air travel to return to pre-virus levels before 2023 and possibly this will not happen until 2025.

According to the New York Times, Mr. Fury said the airbus industry has never faced such a crisis. We must make sure we can keep our business afloat and work to deal with the crisis. The Coronavirus has blocked many international flights, reducing the number of passengers on airlines and the need for newer aircraft.

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The company laid off 5,000 of its 49,000 employees in France, 5,100 out of 45,500 in Germany, 900 out of 12,500 in Spain and 1,700 out of 11,000 in the United Kingdom. Another 1,300 people will be laid off at other Airbus locations around the world.

The French government, which is supporting businesses. A Finance Ministry spokesman said: “We expect Airbus to work in line with government policy to reduce the number of job cuts.

A study published last week by the International Air Transport Association warned that airlines in Europe were to lose 21-21.5 billion in 2020 as continued global travel restrictions halved passenger demand.