Airbus shares fall 10% on reports of new quality issue on dozens of A320 aircraft

Shares of European aerospace giant Airbus

fell more than 10% on Monday morning, following reports the company has discovered an industrial quality issue regarding dozens of A320-family aircraft.

The flaw, which is said to affect the aircraft’s fuselage panels, is delaying some deliveries but there are no immediate indications that it has reached aircraft in service, Reuters reported, citing unnamed sources.

Airbus was not immediately available to comment when contacted by CNBC.

Paris-listed shares of Airbus plunged to the bottom of the pan-European Stoxx 600 index on the news. The stock was last seen down 10%, on track for its biggest daily drop since March 2020, according to LSEG data.