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Share Name Share Symbol Market Type
Airbus SE EU:AIR Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.59 -0.63% 92.55 92.55 92.57 94.26 91.98 92.91 483,245 16:15:00

Airbus Halts Several Activities in Russia Amid Ukraine Crisis, Sanctions

02/03/2022 11:08am

Dow Jones News


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By Olivia Bugault

 

Airbus SE has halted several activities in Russia amid the imposition of international sanctions following Russia's invasion of Ukraine.

The European plane maker has stopped supplying spare parts to Russia, as well as support services to airlines in the country "in line with international sanctions now in place," it said in a statement sent to media Wednesday.

"Services provided by the Airbus Engineering Centre in Russia (ECAR) have also been suspended pending further review," it said.

The engineering centre--created in 2003--is a joint venture between three companies and currently employs some 200 Russian engineers, according to Airbus's website.

The European Union sanctions recently barred parts for Airbus and other aircraft being exported to Russia.

Airbus's U.S. rival Boeing Co. has also suspended parts and maintenance support for Russian carriers.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

March 02, 2022 05:53 ET (10:53 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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