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  3. Airbus chief: Crisis likely to be ‘a long one’ Airbus is expecting to review its production rates every month after reducing its output by a third in response to the coronavirus impact. Chief executive Guillaume Faury, speaking on 8 April, was unable to estimate when rates would be restored but said he thought the crisis would “probably be a long one” The airframer has already been taking steps to reinforce liquidity and to adjust operations at certain plants as governments put measures in place to contain the outbreak. But Faury says the production rate cuts are intended to provide the “best balance” between the effects of the downturn and the appetite for aircraft. He says the initial cutting of rates for the A320, A330 and A350 provide a definite plan to which the airframer can align its workforce, but adds that it could need adjustment and will probably be reviewed on a monthly basis. See: https://www.flightglobal.com/air-transport/airbus-chief-crisis-likely-to-be-a-long-one/137821.article https://www.airbus.com/newsroom/press-releases/en/2020/04/airbus-provides-update-on-march-commercial-aircraft-orders--deliveries-and-adapts-production-rates-in-covid19-environment.html
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  6. Korean Air puts 70 per cent of staff on leave https://www.thestar.com.my/news/regional/2020/04/08/korean-air-puts-70-per-cent-of-staff-on-leave 70 per cent of its 19,000 staff on furlough Most of its staff will go on leave from April 16 for six months According to normal South Korean practice, the workers will receive 70 per cent of their normal pay, with most of it -- reportedly up to 90 per cent -- funded by a government scheme for industries in need of special assistance due to the coronavirus. Korean Air's labour union agreed to participate as part of a "burden-sharing" initiative, the company said -- executives have also agreed to take pay cuts.
  7. Khazanah tells bidders not to count on debt to take over Malaysia Airlines https://www.theedgemarkets.com/article/khazanah-tells-bidders-not-count-debt-take-over-malaysia-airlines
  8. AirAsia needs funding fast https://www.thestar.com.my/business/business-news/2020/04/08/airasia-needs-funding-fast
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