Lufthansa and Airbus shares down 4.1 per cent and 2 per cent after A320 passenger jet crashes in French Alps killing 150 people

Shares in the plane manufacturer and operator dropped on news of the crash

Shares in Lufthansa and Airbus were down 4.17 per cent  and 2 per cent respectively on Tuesday as details of a plane crash emerged. See live updates here.

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Lufthansa shares were down 4.17 per cent

The Airbus A320 was operated by Germanwings, which is owned by the German airline Lufthansa. The plane was travelling between Barcelona and Dusseldorf when it crashed in Southern France.

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Shares in Airbus, which manufactures the aircraft, were down 2 per cent

It sent a distress signal 46 minutes after takeoff, but the cause of the crash remains unclear. 142 passengers, two pilots and four flight attendants are believed to be on board. French President Francois Hollande says no survivors expected The A320 is Airbus’ best-selling single-aisle aircraft and is used for both shorthaul and intercontinental routes. At its annual results in February, Airbus said it was increasing production of the A320s to 50 per month to meet growing demand.

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