Airbus Builds $32 Billion Buffer to Contain Coronavirus Fallout
- Outlook scrapped alongside dividend as crisis grounds carriers
- Production continues and company won’t yet seek state bailout
Photographer: Fabrice Dimier/Bloomberg
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Airbus SE extended credit lines and clamped down on cash outlays to give it access to 30 billion euros ($32 billion), taking steps to protect liquidity after the coronavirus pandemic pushed its airline customers to halt flights and stop ordering planes.