Airbus shares fall on reports of new quality issue on dozens of A320 aircraft | Airbus Stock Retr…


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Airbus shares fall on reports of new quality issue on dozens of A320 aircraft

Shares of European aerospace giant Airbus fell as much as 10% on Monday, following reports the company has discovered an industrial quality issue regarding dozens of A320-family aircraft.

The flaw, which is said to affect the aircraft's fuselage panels, is delaying some deliveries but there are no immediate indications that it has reached aircraft in service, Reuters reported, citing unnamed sources.

In response, Airbus confirmed it had identified a quality issue regarding a "limited number" of A320 metal panels, saying the source of the issue has been "identified and contained." CNBC has contacted Airbus for comment.

Paris-listed shares of Airbus plunged to the bottom of the pan-European Stoxx 600 index on the news. The stock was last seen 5.3% lower at 2:22 p.m. London time (9:22 a.m. ET), paring losses from earlier in the session.

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Airbus shares fell Monday following reports that the European aerospace company discovered quality issues with dozens its A320-series planes. The news comes after Airbus over the weekend ordered immediate software fixes for glitches affecting around 6,000 the A320 aircraft. Airbus (EADSY) shares fell Monday following reports that it found an issue affecting fuselage panels on dozens of its A320 aircraft,…

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