A detailed joint inspection of all A380 planes in service has been ordered by the European authorities and the company. A380, which first entered service more than a decade ago, is the largest passenger airplane. According to the statement issued by the company, the faulty aircraft wings can be repaired during the scheduled maintenance sessions, indicating that the snag is not very serious in nature. However, it could affect the performance of the wings in the long run, if not fixed.
It is not the first time the A380 is being subjected to inspection. A similar situation arose in 2012, requiring an extensive repair program that cost the company several billion dollars.
Also see: The Boeing Company Q1 2019 Earnings Call Transcript
Recently, Boeing lost a major contract valued around $6 billion to Airbus after Saudi-based low-cost airline Flydeal backtracked on its decision to buy 50 737 Max and diverted the order to Airbus. Market watchers are of the view that more customers will likely prefer Airbus to Boeing in the future even as uncertainty looms over the grounded 737 Max jets returning to service. Earlier, there were reports of aviation companies like Oman Air and Indonesia’s Garuda planning to cancel their orders for 737 Max planes.
Related: Setback for Boeing as Airbus wins massive Chinese order
Boeing shares traded lower early Tuesday after closing the previous session notably down. In the past few months, the stock pared most of its early gains this year and is currently trading at the levels seen a year earlier.