Coronavirus: Airbus Closes Facility in China

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  • Coronavirus: Airbus Closes Facility in China

Airbus, world’s largest airliner manufacturer, on Wednesday announced it has closed production facility in Tianjin due to Coronavirus outbreak.

In a statement released on Wednesday, the company said: “China domestic and worldwide travel restrictions are posing some logistical challenges. The Tianjin Final Assembly Line facility is currently closed.”

Airbus facility in Tianjin was the first outside Europe and a completion centre for single-aisle A320 aircraft and larger A330.

“Airbus is constantly evaluating the situation and monitoring any potential knock-on effects to production and deliveries and will try to mitigate via alternative plans where necessary.

“Airbus will provide updates as the situation evolves,” the company added.

The virus is projected to further hurt business activities in the world’s largest economy and expected to slowdown global growth in 2020 as experts have started lowering growth projections.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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