Ailing aviation firms ask for aid after fall in demand due to Covid-19 pandemic
The only bright spot for airlines is the cargo market, where rates are surging due to the loss of capacity in the belly of passenger aircraft as those flights are cut
17 March 2020 - 14:07
Sydney/Paris — Boeing and other US aviation companies are seeking billions of dollars in aid as they battle to survive a plunge in demand caused by the coronavirus pandemic, while Airbus is pausing production at two sites to bolster health and safety measures.
The rapid spread of the virus across the world has battered airlines as governments have introduced travel restrictions and consumers have stopped making bookings, calling into question the survival of several companies...
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