Airbus Stock Nosedives As Planemaker Shares Update On Major A320 Glitch

Core Viewpoint - Airbus shares experienced a significant decline following the announcement of a major software glitch affecting nearly half of the operational A320 family jets, although most of the nearly 6,000 affected planes have received a fix [1][2]. Group 1: Software Glitch Impact - The software glitch impacted nearly 6,000 A320 aircraft, with the majority already receiving necessary modifications [2]. - Airbus is collaborating with airlines to address the remaining "less than 100" aircraft still affected by the issue [2]. - The company acknowledged the delays caused to passengers and airlines, emphasizing the priority of safety [2]. Group 2: Technical Details - An analysis revealed that "intense solar radiation" could corrupt critical flight control data on A320 planes, leading to the recall announcement [2]. - According to analysts, 85% of the impacted planes can be resolved with a simple software update, while 900 older aircraft will require hardware fixes [3].