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EADS shares jump 3.4% after WTO ruling

Analysis

This week's WTO ruling has done EADS' share price no harm, with the manufacturer's stock up 3.4% on Thursday. Some industry observers are pegging the ruling as a mixed win for EADS and Airbus, although Boeing and US business and trade have labelled the ruling another win in its case against EU subsidies. Boeing's shares were up 1.1% on Thursday.

Summary
  • EADS' share price increases by 3.4% following the WTO ruling.
  • The WTO ruling is seen as a mixed win for EADS and Airbus, but a win for Boeing and US business.
  • Boeing's shares rise by 1.1% after the WTO ruling.
  • Rolls-Royce is found responsible for the uncontained engine failure on a Qantas A380.
  • The engine failure was caused by a defective pipe leading to an oil leak.
  • Rolls-Royce takes 53 Trent 900 engines out of service after the incident.

Elsewhere, a preliminary report by the Australian Transport Safety Bureau (ATSB) found Rolls-Royce responsible for the uncontained engine failure on a Qantas A380 late last year. The engine exploded due to a defective pipe inside the engine that led to an oil leak. Rolls-Royce took 53 of the Trent 900 engines out of service following the blowout.

Selected aerospace suppliers daily share price movements (% change): 19-May-2011

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