Airbus plans for capital markets lockout with €15bn crisis facility
Airbus, the European aerospace company, has signed a new €15bn credit facility as it looks to ride out effects of the Covid-19 pandemic upon its sector. The company is ramping up liquidity on the assumption it will not have access to capital markets.
The A2/A+ rated company is the latest in the aviation industry to announce a raft of measures to bolster liquidity and cut costs to mitigate the huge downturn it faces from the pandemic.The credit facility brings available liquidity at Airbus up to around €30bn and "assumes no issuance in ...
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