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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.30 | 0.82% | 160.00 | 159.90 | 160.10 | 160.28 | 158.92 | 159.52 | 596,561 | 16:40:00 |
From May 2022 to May 2024
By Giulia Petroni
Airbus SE and Qatar Airways Co. have reached an amicable settlement in the multibillion-dollar legal dispute over the A350 fleet's surface degradation and grounding.
The European plane maker on Wednesday said that details of the settlement are confidential and the parties will proceed to discontinue legal claims. The agreement is not an admission of liability for either party.
"A repair project is now underway and both parties look forward to getting these aircraft safely back in the air," Airbus said. "This agreement will enable Qatar Airways and Airbus to move forward and work together as partners."
The dispute concerns paint chipping on the body and wings of some A350s.
Qatar Airways claimed that surface-paint issues on its fleet of A350s present a safety risk and grounded 29 aircraft over the issue. Airbus acknowledged the degradation but said the issue is only cosmetic and doesn't represent a risk to safety.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
February 01, 2023 12:27 ET (17:27 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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