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

FILE PHOTO: The logo of Airbus is pictured at the aircraft builder's headquarters of Airbus in Colomiers near Toulouse

PARIS (Reuters) - Shares in European aerospace group Airbus <AIR.PA> rose on Tuesday, after archrival Boeing <BA.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 <SAF.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.



(Reporting by Sudip Kar-Gupta; editing by Jason Neely)