ENXTPA:AIRAerospace & Defense
Airbus Manslaughter Verdict Poses Fresh Questions For Valuation And Risk
Airbus has been found guilty of corporate manslaughter by a Paris appeals court over the 2009 Air France Flight 447 crash that killed 228 people.
The ruling overturns earlier acquittals and imposes maximum corporate fines on Airbus.
Both Airbus and Air France intend to appeal the decision to France’s highest court.
The verdict lands at a time when ENXTPA:AIR trades at €169.52, with the stock up 9.8% over the past year and 71.1% over five years, while down 16.8% year to date. For investors,...