Deeper industry collaboration and government support will help Europe's aerospace companies ride out the coronavirus pandemic, sector leaders said on Monday, as they juggle lower revenues with the need to invest in cleaner air travel for the future.
Europe's biggest aerospace and defence companies Airbus , BAE Systems and Leonardo had expected to spend this week showcasing aircraft and entertaining clients at the biennial Farnborough Airshow in southern England.But with the event cancelled, chief executives instead joined a webcast as part of"Virtual Farnborough" to discuss coping strategies for the gravest crisis in commercial aviation history.
Faury said co-operation between governments, bigger companies and smaller suppliers was better than he had seen for years, and that was helping processes become faster and cheaper. "We're in close dialogue with the government. We'll be talking to them further this week, and hoping to try and accelerate and conclude some of those agreements," Wood said.
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