"Airbus didn't disclose exactly how many planes were potentially affected. "As it always does when faced with quality issues in its supply chain, Airbus is taking a conservative approach and is inspecting all aircraft potentially impacted - knowing that only a portion of them will need further action to be taken," the statement continued. "The source of the issue has been identified, contained, and all newly produced panels conform to all requirements.""
"Airbus's share price opened at 201.15 euros and fell as low as 183 euros after Reuters first reported on the issue. However, it has pared some of the losses, and the stock was down 6.5% as of 8:10 a.m. ET. The falling share price was likely triggered by market concerns that the issue could cause Airbus to struggle to meet its delivery targets - a key metric for financial analysts. Airbus has said it's targeting around 820 plane deliveries this year."
Airbus identified a supplier quality issue affecting a limited number of A320 metal panels and began inspecting all potentially impacted aircraft. The source of the issue was identified and contained, and newly produced panels conform to requirements. Airbus did not disclose how many planes were affected. Shares opened at 201.15 euros, fell as low as 183 euros (as much as 10%), and were down 6.5% at 8:10 a.m. ET after initial reports. Markets worried the problem could jeopardize delivery targets; Airbus is targeting around 820 deliveries this year and would need unusually high December output to meet that figure. The A320 family represents the bulk of Airbus production.
Read at Business Insider
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