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Airbus Shares Tumble on Fuselage Panel Flaw
1 Dec
Summary
- Airbus shares dropped 8% Monday morning due to an issue.
- The flaw impacts fuselage panels on A320-family aircraft.
- Some aircraft deliveries are being delayed by the problem.
Airbus, the prominent European aerospace manufacturer, saw its shares plummet by 8% in early trading on Monday. This significant drop followed news of an industrial quality issue discovered within the company's production line.
The reported flaw is specifically linked to the fuselage panels of A320-family aircraft. While the issue has not reached aircraft currently in service, it is causing disruptions, leading to delays in some planned deliveries.
The market reacted swiftly to the news, with Paris-listed shares of Airbus sliding to the lowest point on the pan-European Stoxx 600 index. Airbus has not yet released an official statement regarding the matter.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
