Business
Only a coronavirus vaccine can save the aerospace sector, says Warren Buffett – The Times
Warren Buffett has warned investors that finding a Covid-19 vaccine may be the only way to salvage the immediate future of the aerospace market.The investor, known as the Sage of Omaha, sold his
Warren Buffett has warned investors that finding a Covid-19 vaccine may be the only way to salvage the immediate future of the aerospace market.
The investor, known as the Sage of Omaha, sold his airline holdings but his Berkshire Hathaway investment vehicle was forced to take a hit of almost $10 billion against the value of its stake in Precision Castparts (PCC), which makes aircraft components.
In a regulatory filing for its second-quarter results issued at the weekend, Berkshire Hathaway sa…
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