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Boeing Co. unveiled deep cuts to jobs and production as the manufacturer rushes to adapt to a shrinking market for jetliners after the worst downturn in aviation history.

Boeing Co. is offering buyouts to its entire staff of 161,000 people and weighing new output reductions as the coronavirus pandemic threatens to depress aircraft sales for years.

Boeing Co. is temporarily shuttering its Seattle-area manufacturing hub for two weeks, adding to a wave of plant closings sweeping the globe and compounding difficulties for a company navigating one of the aviation industry’s biggest disruptions in decades.

Boeing Co. has asked White House and congressional officials for short-term aid for itself, suppliers and airlines as the outlook for the travel industry worsens by the day because of the coronavirus outbreak, people familiar with the matter said.

Boeing Co. is inspecting more than 400 stored 737 Max jets after discovering debris such as tools or rags left in the fuel tanks of several newly built but undelivered aircraft.

Airbus SE pledged to churn out more aircraft than ever and consolidated its ownership of the A220 jetliner, pressing home its advantage over Boeing Co. and its grounded 737 Max in the growing narrow-body market.

Boeing Co. failed to sell any commercial planes in January, extending a slump that has strained the company’s finances since two deadly crashes grounded the best-selling 737 Max last year.

Boeing Co. engineers have discovered a new software problem on the grounded 737 Max that must be patched before the plane can return to service, Federal Aviation Administration chief Steve Dickson said.

Boeing, an icon of American manufacturing, suffered its first annual financial loss in more than two decades while the cost of fixing its marquee aircraft after two deadly crashes soared to more than $18 billion.

David Calhoun also said he believes passengers will fly on the Max when federal regulators say it is safe and they see airline pilots getting on the plane.