Airbus’s Global Footprint Becomes a Burden as Sector Shrinks
- European planemaker has key manufacturing in five countries
- Senior management met to discuss possible path out of crisis
Passenger aircraft, manufactured by Airbus SE, stand outside the Airbus aircraft assembly factory in Toulouse, France.
Photographer: Balint Porneczi/BloombergThis article is for subscribers only.
Over the past dozen years, Airbus SE has grown from a European planemaker with purely local production into a global manufacturer with assembly lines on three continents that give it more clout to win orders around the world.
But as the aviation industry enters its most dramatic downturn ever, the company is finding that broad reach turning from an asset into a burden.