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

AIRBUS SE

(AIR)
  Report  
Real-time Quote. Real-time Tradegate - 12/09 11:51:03 am
125.06 EUR   -1.56%
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Airbus : backed tournament unveils first electric racing aircraft

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11/18/2019 | 05:49am EST
The logo of Airbus is pictured at the aircraft builder's headquarters of Airbus in Colomiers near Toulouse

(This November 17 story corrects to read 'Zaltman', paragraph 6)

Several companies, including U.S. ride-hailing company Uber Technologies Inc, are working on electric-powered flying cars, amid increasing concerns about the environmental impact of fossil-fuel intensive air travel.

Last month, Airbus rival Boeing announced a partnership with automaker Volkswagen's sports car brand, Porsche, to develop a concept electric flying vehicle capable of transporting people in urban environments.

Air Race E said the aircraft, called White Lightning and unveiled at the Dubai Air Show, will be manufactured by UK-based Condor Aviation.

The aircraft will use an electric motor that will carry it at flight speeds of around 482 kilometers (300 miles) per hour on a tight 5 kilometre (about 3 miles) circuit, just 10 meters above the ground.

"The racing series will provide a test bed for innovation and accelerate the journey towards electric commercial travel," Air Race E Chief Executive Jeff Zaltman said.

Lithium batteries installed under the fuselage of the plane will provide power for five minutes of high intensity racing and around 10 minutes of reserve flying at reduced power, the firm said.

Air Race E is aiming to be the world's first all-electric airplane competition when it launches its inaugural series of international races in 2020. It expects to this week name eight teams for its first race.

(Reporting by Ankit Ajmera in Dubai; Editing by Sam Holmes)

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE -1.65% 124.94 Real-time Quote.51.31%
VOLKSWAGEN AG -0.44% 175.82 Delayed Quote.27.12%
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Financials (EUR)
Sales 2019 70 186 M
EBIT 2019 6 772 M
Net income 2019 4 375 M
Finance 2019 13 846 M
Yield 2019 1,65%
P/E ratio 2019 22,7x
P/E ratio 2020 18,5x
EV / Sales2019 1,21x
EV / Sales2020 1,11x
Capitalization 98 793 M
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Technical analysis trends AIRBUS SE
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 25
Average target price 147,08  €
Last Close Price 127,04  €
Spread / Highest target 41,7%
Spread / Average Target 15,8%
Spread / Lowest Target -13,4%
EPS Revisions
Managers
NameTitle
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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