Airbus Suspends Production in France and Spain, Shares Slide

Airbus Suspends Production in France and Spain, Shares Slide
Men walk in front of a logo of the civil aircraft manufacturing company Airbus at the entrance of the Airbus facility in Bouguenais, western France, on March 20, 2017. Loic Venance/AFP via Getty Images
|Updated:

Airbus announced plans to halt operations at its plants in France and Spain for four days as the coronavirus crisis spread from battered airlines to the manufacturing sector.

The most serious across-the-board disruption in Airbus production since a strike at then British partner BAE Systems in 1989 pushed its shares down 7 percent as a rebound in other European shares quickly faltered.