Airbus receives board approval for new credit facility worth €15bn – The National

Airbus receives board approval for new credit facility worth €15bn – The National

Airbus receives board approval for new credit facility worth €15bn. The European plane maker is also dropping the 2019 dividend proposal of €1.80 per share. Airbus has won approval from its board to secure a new €15 billion (Dh59.1bn) credit facility to boost its liquidity position in order to deal with the economic fallout from the coronavirus outbreak.. The plane maker is also dropping the 2019 dividend proposal of €1.80 per share, which has an overall cash value of approximately €1.4bn.. "With the decisions, the company has significant liquidity available to cope with additional cash requirements related to the coronavirus," Airbus said.. The planemaker's available liquidity now amounts to approximately €30bn.. Although 99,000 people have also recovered, according to John Hopkins University which is tracking the outbreak.. It also welcomed governmental efforts around the world to stabilise the airline industry.. In February, the company also reopened its final assembly line in Tianjin, China, after a temporary production halt due to the coronavirus outbreak.. In the past days, Airbus has donated thousands of face masks to hospitals and public services around Europe and has started to use its test aircraft to obtain larger quantities from suppliers in China, the