Airbus shares rise after latest Boeing 737 MAX blow, Safran down

PARIS (Reuters) – Shares in European aerospace group Airbus (PA:) rose on Tuesday, after archrival Boeing (N:) said it would suspend production of its best-selling 737 MAX jetliner in January.

Airbus shares were up 1.6% in early trading while those in French aerospace company Safran (PA:), a supplier to Boeing, were down 2.1%.

On Monday, Boeing said it would suspend production of its best-selling 737 MAX jetliner in January, as the fallout from two fatal crashes of the grounded aircraft drags on into 2020.

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