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

AIRBUS SE

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Airbus : aims to sell more than 1,000 planes over 15 years in Latin America, Caribbean

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07/12/2019 | 09:08am EDT
FILE PHOTO: An Airbus A350-1000 performs during the 53rd International Paris Air Show at Le Bourget Airport near Paris

BOGOTA (Reuters) - European planemaker Airbus SE plans to sell more than 1,000 new passenger planes in the next 15 years in Latin America and the Caribbean, meeting about half the demand expected in the region, an executive of the company told Reuters.    

BOGOTA (Reuters) - European planemaker Airbus SE plans to sell more than 1,000 new passenger planes in the next 15 years in Latin America and the Caribbean, meeting about half the demand expected in the region, an executive of the company told Reuters.    

More than 700 Airbus planes already operate in Latin America and the Caribbean - about 60% of the fleet in service.    

"In the next 15 years, the Latin American aviation market will require more than 2,000 new aircraft. We'd sell more than 1,000 planes," Alberto Robles, Airbus vice president for the region said in a phone interview on Thursday from Medellin, Colombia.    

Last year, the company posted 64 billion euros ($72 billion) in net profit, 7% of which came from Latin American and the Caribbean.

The company also sells helicopters, military transportation and satellites to countries in the region.

Robles, who attended an aeronautic fair outside the Colombian city of Medellin, added that the company hopes to sell its Eurofighter Typhoon jets to Colombia to renew its defense air fleet.

($1 = 0.8894 euros)

(Reporting By Luis Jaime Acosta, Writing By Mitra Taj; Editing by Susan Thomas)

By Luis Jaime Acosta

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 0.90% 119.32 Real-time Quote.40.90%
E.ON SE 0.60% 8.908 Delayed Quote.2.65%
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Financials (EUR)
Sales 2019 70 456 M
EBIT 2019 6 933 M
Net income 2019 4 668 M
Finance 2019 14 848 M
Yield 2019 1,81%
P/E ratio 2019 19,8x
P/E ratio 2020 16,7x
EV / Sales2019 1,09x
EV / Sales2020 0,99x
Capitalization 91 978 M
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Number of Analysts 25
Average target price 144,59  €
Last Close Price 118,30  €
Spread / Highest target 39,5%
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Spread / Lowest Target -7,02%
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Guillaume Faury Chief Executive Officer
Denis Ranque Non-Executive Chairman
Michael Schöllhorn Chief Operating Officer
Dominik Asam Chief Financial Officer
Luc Hennekens Chief Information Officer
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