Airbus is about to go bankrupt due to the coronavirus pandemic, Reuters reported referring to the CEO.

In a letter to staff, Chief Executive Guillaume Faury said Airbus was "bleeding cash at an unprecedented speed."

Airbus announced plans early in April to reduce the production of jetliners worldwide. 

Amid the pandemic, in particular, civil aviation may lose two of the largest new airliners - Airbus A380 and Boeing 747-400.