Rolls-Royce falls as much as 3.6%, vol. 13% of 3-mo. daily avg., Safran falls as much as 2.7%, vol. 21% of 3-mo. daily avg.
- Airbus is the other notable decliner, down 1.5%
- All three stocks are among biggest SXXP decliners
- FT reports that European regulators have started a probe into whether airlines are being forced to enter anti-competitive service contracts.
- Services Exposure: Bloomberg data
- In 2014, Rolls-Royce earned 24.2% of its total rev. from Civil Aerospace Service
- In 2014, Safran earned 26.6% of total rev. from Aerospace Propulsion Services and 29% from aircraft equipment, including spare part sales, services