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Pandemic prompts Airbus to stop production again in Spain

Airbus has once again stopped the majority of its production in Spain after the country introduced stricter measures in the battle against the new coronavirus, the aviation giant said on Monday in Toulouse.

Airbus has once again stopped the majority of its production in Spain after the country introduced stricter measures in the battle against the new coronavirus, the aviation giant said on Monday in Toulouse.

Certain key activities in areas such as the production of airliners and helicopters, as well as in defence and space travel, remain essential, Airbus said. There would also be a minimum of work done in security, IT and technology.

“All other activities in the areas of airliners, defence and space travel, as well as helicopters in Spain will be suspended until April 9, the date on which the restrictions are expected to be lifted,” Airbus said.

Spanish Prime Minister Pedro Sanchez has announced another tightening of current restrictions on movement. From Monday, all who don’t do essential work are to stay at home for two weeks.

Last week Airbus had begun to ramp up its production again after a break of several days. It will now work closely with social partners, it said. Airbus employees in Spain who are able to work from home are to do so.

Airbus scrapped its projections for the current year due to the pandemic. Its planned dividend of 1.80 euros (2 dollars) will not be paid out, it said, adding that it is seeking to secure liquidity via a credit line in excess of 15 billion euros.

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