Business

Coronavirus pushes Airbus into Q1 loss

European aviation giant Airbus plunged into the red in the first quarter as the coronavirus pandemic sparked "the gravest crisis the aerospace industry has ever known", it said Wednesday.

Business

Boeing seeks $60 bn in US support for aerospace industry

Boeing is seeking at least $60 billion in federal support for the aerospace industry to help it navigate a battered aviation environment due to the new coronavirus, company officials said Wednesday.