OREANDA-NEWS. Guillaume Fori, head of the Airbus aircraft manufacturing company, warned his staff that the company would cut costs due to the impact of the coronavirus pandemic. This was reported on Monday by Reuters, citing a letter from the head of the company that fell into its possession.

“We are losing money at an unprecedented rate, which could threaten the very existence of our company,” the letter said. The Airbus CEO said it was imperative to immediately start cutting costs to save the company. Previously, the corporation has already reduced the production of passenger aircraft by one third.