Airbus shuts Tianjin plant in China

Wednesday, 05. February 2020 09:39

European planemaker Airbus shut down its only final assembly plant in China due to growing concerns regarding the novel coronavirus that has hit the Asian nation in recent weeks.

In a statement, the company said that the Tianjin final assembly line, which produces aircraft in the A320 family, is now closed, without offering a potential date when the plant would reopen.

The closure of the China plant, which produces some 10% of planemaker's narrow-body output, is likely to slow the Airbus' narrow-body aircraft production down by six planes a month, the company noted.

Airbus' stock lost 1.07% of the value, trading at €136.50 per share at 9:22 am CET.

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