Shares of European company 'Airbus' fell by 10% on Monday, following reports that the company had discovered an industrial quality issue in dozens of A320 model aircraft. The company's statement says that the defect was found in components responsible for cabin pressurization. Airbus has already begun work to fix the problem, but experts warn that this could lead to delivery delays and additional costs. "We apologize to our customers for any inconvenience," the company's official statement reads.
Airbus Shares Drop 10% Due to A320 Aircraft Defects
European aviation giant Airbus has faced a serious issue: defects in dozens of A320 model aircraft have led to a 10% drop in the company's shares. Airbus has already begun work to fix the problems, but experts warn of possible delivery delays.