April 30, 2020 / 8:16 AM / a month ago

BRIEF-MTU Aero CFO Says KfW Loan Not On The Agenda At The Moment

April 30 (Reuters) - Mtu Aero:

* CEO SAYS ~WE’RE PLANNING VIRTUAL AGM IN Q3

* CEO SAYS ~CURRENTLY NO CONSIDERABLE SUPPLY CHAIN DISRUPTIONS

* CEO SAYS ~HAVE APPLIED FOR SHORTER WORKING HOURS UNTIL END OF OCTOBER AS PRECAUTIONARY MEASURE, CAN BE EXTENDED

* CFO SAYS ~WE HAVE CUT EQUIPMENT INVESTMENT BY 50% FOR 2020

* CEO SAYS THERE WILL BE CANCELLATIONS IN COMMERCIAL PLANES, BUT MOST WILL BE POSTPONEMENTS

* CEO SAYS CURRENTLY, WE DO NOT PLAN JOB CUTS, BUT WE CANNOT CATEGORICALLY EXCLUDE THIS Further company coverage: (Berlin Speed Desk)

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