EADS Share Price Little Changed after Airbus Aircraft Faces Problems in Flight

on Aug 7, 2013

iNVEZZ.com, Wednesday, August 7th: Shares in Airbus manufacturer EADS (EPA:EAD) were little changed in afternoon trading in Paris following news that a Delta Airlines flight was circling over the East of England after developing a technical fault shortly after take-off.

**Delta Airlines Flight Diverted to Amsterdam**
As Bloomberg reported, Delta Airlines’ Flight 99, a twin-engine Airbus SAS A330 jet carrying 309 passengers and crew landed in Amsterdam after it developing problems soon after taking off from Paris’ Charles de Gaulle airport.
As the BBC reported earlier, the Delta Airlines Airbus en route to Detroit started circling above the skies of Norfolk and Cambridgeshire at 25,000 feet (7,620 metres), with the move intended to burn fuel prior to an emergency landing.

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Bloomberg quoted Anthony Black, a spokesman for Atlanta-based Delta, as saying that the pilots could not get the aircraft’s flaps to retract and chose to divert to a nearby airport. Flaps, which are extended from the back edge of the wing during takeoff and landing, are later retracted because they increase drag during normal flight, limiting airspeed.
At the time of writing EADS, which recently announced its decision to adopt the Airbus name, had not issued a statement regarding the technical problems encountered during the Delta flight.
**EADS’s share price was 0.40 percent up at €45.58 in Paris as of 15:58 BST on 7 August 2013. **


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