Airbus (EADSY) CFO Thomas Toepfer told CNBC’s Charlotte Reed that the company is “not happy” about the issues facing Boeing (BA), saying the situation has made Airbus “obsessed by the thought” of ensuring the same thing does not happen on one of its own aircraft. “I think it’s not helpful for the industry, and if it’s not helpful for the industry, it’s not helpful for Airbus,” Toepfer said. Boeing is under huge scrutiny and facing a reputational crisis after a door plug blew out of one of its 737 Max aircraft mid-flight.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EADSY:
- Spirit AeroSystems price target raised to $34 from $30 at Stifel
- Airbus ends discussions with ATOS on potential acquisition of BDS
- United Airlines planes have seen 8 incidents in 2 weeks, NY Times reports
- Airbus upgraded to Outperform from Sector Perform at RBC Capital
- Embraer named new Top Pick in Aerospace at Morgan Stanley