Bloomberg Airbus SE is preparing for permanent job cuts after warning unions that it needs to rein in production amid a collapse in demand, people with knowledge of the situation said. Discussions have begun with labour groups in Germany, France and Spain, the people said, with the formal process expected to start next week. The number of positions to be ...

Bloomberg Korean Air Lines Co plans to sell new shares to raise about 1 trillion won ($817 million) after the coronavirus outbreak wiped out 90% of its flights. The Seoul-based carrier aims to sell about 79.4 million new shares to existing holders in July, it said in a regulatory filing. The price is initially estimated at 12,600 won a share, ...

Bloomberg UK Prime Minister Boris Johnson said the global aviation industry needs to limit carbon-dioxide emissions once air travel resumes following the coronavirus crisis. “Inadvertently this year the planet will greatly reduce its CO2 emissions,” Johnson said. “We need to entrench those gains. I don’t want to see us going back to an era of the same kind of emissions ...