Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Airbus SE    AIR   NL0000235190

AIRBUS SE (AIR)
My previous session
Most popular
  Report  
Delayed Quote. Delayed  - 09/21 05:38:20 pm
106.8 EUR   +0.32%
09/20AIRBUS : Royal Thai Air Force expands fleet ...
PU
09/18AIRBUS SE : No turn-around in sight
09/17Bombardier expects Global 7500 jet certification this month - sou..
RE
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets
OFFRE

Airbus : Ramps Up Services Business With Malaysian Deal

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/12/2017 | 09:15am CEST
By Robert Wall 

Airbus SE on Thursday said it had taken full control of an Asian plane-repair company, as it and rival Boeing Co. both embark on a push to win a greater share of the lucrative market for servicing airliners.

Airbus said had acquired all of Malaysia's Sepang Aircraft Engineering company after it purchased a 40% stake in 2011. The value of the deal wasn't disclosed.

Plane makers Boeing, the world's largest by deliveries, and No. 2 Airbus for years have focused on making planes, leaving it to others to concentrate on making money over the more than 20 years those airliners generally are in service. But with airlines demanding steeper discounts when they buy the aircraft and investors seeking greater profits, the plane makers are looking to win a larger share of the so-called aftermarket business.

Boeing on July 1 set up a new unit to oversee combined commercial and military services. The company wants to grow its services business to $50 billion in five years.

Boeing estimates the market for global commercial aviation services at $8.5 trillion over the next 20 years, including fixing planes and activities such as training pilots. David Longridge, Boeing's head of sales for commercial aviation services, this month said the company would also be willing to provide services to airlines on planes made by Airbus or other manufacturers.

Laurent Martinez, head of services at Airbus, said that with the size of the global fleet of aircraft in service growing rapidly, the European plane maker is boosting its efforts to gain scale. Unlike Boeing, the company hasn't given a public figure of how much revenue it wants to generate from services. Airbus also is focusing mainly on its own planes.

Airbus's purchase of the repair facility in Kuala Lumpur is aimed at strengthening the European company's plane-repair capability in Asia and helping the company innovate how it services planes, Mr. Martinez said. The facility employs around 500 people and has contracts with budget carrier AirAsia, India's Indigo, and Scoot Tigerair Pte Ltd., a discount unit of Singapore Airlines.

Mr. Martinez has said Airbus was also working with a small network including other plane repair shops to provide its services. Boeing said it wouldn't form networks but would select repair facilities depending on what would best fit the airline customer buying its services.

The Airbus deal comes almost two years after the Toulouse, France-based company acquired Navtech, a flight operations technology provider, in another effort to bolster its services activities.

Airbus in June also unveiled a far-reaching effort to collect data from its planes operated by airline customers. It would work with data-mining company Palantir Technologies Inc. to crunch the numbers and help airlines better use their planes. Mr. Martinez said the outcome of much of the data analysis would be provided for free to get airlines to buy its planes and services. Some data products could also be sold.

Write to Robert Wall at robert.wall@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AIRBUS SE
09/21AIRBUS : delivers 1st biofuel aircraft to JetBlue
AQ
09/20AIRBUS : Royal Thai Air Force expands fleet ...
PU
09/17Bombardier expects Global 7500 jet certification this month - sources
RE
09/15AIRBUS : Christian Scherer appointed Airbus Chief Commercial Officer
AQ
09/14Correction to Airbus Names Sales Chief Amid Shake-Up in Senior Ranks on Thurs..
DJ
09/14AIRBUS : says worst-case Brexit would hit its sites beyond BritainL Spiegel
RE
09/14AIRBUS : First Delta Air Lines A220-100 rolls ...
PU
09/14Airbus Shake-Up Deepens -- WSJ
DJ
09/13Company veteran named Airbus sales chief after ex-Rolls executive quits
RE
09/13Company veteran named Airbus sales chief after ex-Rolls executive quits
RE
More news
News from SeekingAlpha
09/21Boeing Extends Lead On Airbus 
09/20Emirates said to be considering Etihad takeover 
09/19Airbus Sales Machine Remains Slow 
09/18Will Boeing's 737 Recovery Plan Work? 
09/13Airbus names Scherer new sales chief; outgoing head served nine months 
Financials (€)
Sales 2018 63 861 M
EBIT 2018 5 084 M
Net income 2018 3 392 M
Finance 2018 12 990 M
Yield 2018 1,65%
P/E ratio 2018 24,51
P/E ratio 2019 19,38
EV / Sales 2018 1,09x
EV / Sales 2019 0,97x
Capitalization 82 644 M
Chart AIRBUS SE
Duration : Period :
Airbus SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AIRBUS SE
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 117 €
Spread / Average Target 9,9%
EPS Revisions
Managers
NameTitle
Thomas Enders Chief Executive Officer & Executive Director
Denis Ranque Non-Executive Chairman
Harald Wilhelm Chief Financial Officer
Luc Hennekens Chief Information Officer
Grazia Vittadini Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
AIRBUS SE28.67%97 086
BOEING COMPANY (THE)24.60%213 849
TEXTRON25.09%17 841
DASSAULT AVIATION23.58%15 662
AVIC ELECTROMECHANICAL SYSTEMS CO LTD--.--%4 500
AVICHINA INDUSTRY & TECHNOLOGY CO LTD17.66%3 745