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MarketScreener Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  Air China Limited    601111   CNE000001NN0

AIR CHINA LIMITED

(601111)
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Air China to buy 20 A350-900 wide-body aircraft from Airbus

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07/11/2019 | 10:20pm EDT
The Airbus logo is pictured at Airbus headquarters in Blagnac near Toulouse

BEIJING/PARIS (Reuters) - Air China Ltd , China's flagship carrier, will buy 20 A350-900 jets from Airbus SE, both companies said, bolstering the European planemaker's order book for wide-body jets against Boeing Co amid Sino-U.S. trade tensions.

Air China on Thursday said the order is worth $6.54 billion, based on list prices, and that deliveries were scheduled from 2020 through 2022. It also said it has the right to swap five of the 20 jets for the larger A350-1000.

Airbus, in a statement to Reuters, confirmed the order was new. That means Air China's total order for the aircraft type now stands at 30 planes, helping Airbus narrow a deficit in wide-body orders against its U.S. rival.

Boeing won a positive total of 61 wide-body orders in the first half of this year against Airbus' negative tally of 35 jets, meaning the European planemaker had more cancellations than orders in the period for twin-aisle aircraft.

Air China's latest order comes as the Chinese and U.S. governments continue a year-long trade dispute which has disrupted global supply chains and rattled financial markets.

The recent U.S. blacklisting of Chinese telecoms equipment maker Huawei Technologies Co Ltd [HWT.UL] prompted speculation of retaliation against American firms. China said it would not discriminate against foreign companies.

(Reporting by Stella Qiu and Se Young Lee in Beijing and Tim Hepher in Paris; Editing by Himani Sarkar and Christopher Cushing)

Stocks mentioned in the article
ChangeLast1st jan.
AIR CHINA LIMITED -2.62% 8.17 End-of-day quote.9.82%
AIRBUS SE 0.47% 120.4 Real-time Quote.43.40%
BOEING COMPANY (THE) -6.79% 344 Delayed Quote.14.44%
E.ON SE -0.36% 8.799 Delayed Quote.1.99%
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Financials (CNY)
Sales 2019 142 B
EBIT 2019 13 736 M
Net income 2019 7 887 M
Debt 2019 123 B
Yield 2019 1,80%
P/E ratio 2019 11,2x
P/E ratio 2020 8,27x
EV / Sales2019 1,64x
EV / Sales2020 1,47x
Capitalization 110 B
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 7,76  CNY
Last Close Price 6,32  CNY
Spread / Highest target 57,1%
Spread / Average Target 22,7%
Spread / Lowest Target -1,74%
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Sector and Competitors
1st jan.Capitalization (M$)
AIR CHINA LIMITED9.82%15 566
DELTA AIR LINES INC.7.88%34 685
UNITED AIRLINES HOLDINGS, INC.7.59%22 795
AIR CHINA LIMITED3.09%15 566
RYANAIR HOLDINGS12.09%14 558
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, SA-17.70%12 991