Exclusive: Airbus signals government help needed if crisis lasts months - sources
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March 17, 2020 - by Ilona Wissenbach, Christian Kraemer and Klaus Lauer reuters for uk.investing.com
FRANKFURT/BERLIN (Reuters) - Europe's Airbus (PA:AIR) has signalled that some government support may be needed if the coronavirus crisis lasts for several months, three people familiar with the matter said.
The prospect of a worst-case scenario in which state help becomes necessary was raised in crisis talks on Monday between Germany's economy ministry and aviation industry representatives including Franco-German-led Airbus, they said.
The type of any government support, and how widely it would be distributed, was not discussed in detail, but most likely options include efforts to promote liquidity such as state-guaranteed credits, one source said.
"We are having regular dialogues with our home nation governments which are all non-public in nature which is why we do not comment on them," an Airbus spokesman said. The German economy ministry did not respond to a request for comment.
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