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)
  Report  
Delayed Quote. Delayed Euronext Paris - 08/16 11:35:00 am
123.02 EUR   +0.51%
09:32aBROWN FORMAN : U.S. whiskey exporters struggle after year of EU tariffs
RE
08/15Boeing delays delivery of ultra-long-range version of 777X
RE
08/14NEWS HIGHLIGHTS : Top Company News of the Day
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Airbus closes in on Air France jetliner deal: sources

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/18/2019 | 10:26am EDT
The logo of Airbus is pictured at their facility in Montoir-de-Bretagne near Saint-Nazaire

LONDON (Reuters) - Airbus is close to a deal worth billions of dollars to sell dozens of A320neo-family and smaller A220 aircraft to Air France as the French network carries out a keenly awaited renewal of its medium-haul fleet, industry sources said.

The deal could include as many as 50-70 Canadian-designed A220 jets, formerly known as CSeries, to replace Air France's aging fleet of roughly 50 A318 and A319 aircraft, they said.

Air France is also expected to pick the A320neo family to replace approximately 40 earlier versions of the Airbus A320 that are up to 18 years old.

A spokeswoman for Franco-Dutch parent Air France-KLM said: "Air France is pursuing work on its medium-haul fleet renewal. No decision has been taken at this stage."

Airbus declined to comment on the deal, which is expected to be formally discussed at an end-month Air France-KLM board meeting.

The expected deal marks a rebound for Airbus after rival Boeing poached part of the fleet of British Airways owner IAG at last month's Paris Airshow.

That deal caught Airbus off guard, though in the longer term sources say it may also have eased the European planemaker's anxieties over the grounding of Boeing's 737 MAX following the Ethiopian Airlines crash in March.

Airbus privately hopes the MAX will survive the crisis to avoid a costly race to develop all-new aircraft and to ease the prospect of a radical change in certification rules.

The anticipated Air France deal also illustrates Airbus's recent deliberate effort to boost A220 sales by packaging deals together with its benchmark A320, industry sources said.

Airbus bought the loss-making A220 programme from Canada's Bombardier last year and immediately began offering it to customers that already have other Airbus aircraft, allowing it to juggle prices and ancillary services across the fleet.

Air France-KLM, formed from a merger of French and Dutch flag carriers in 2004, continues to operate a mixed fleet between its two main national networks.

KLM last month provisionally became the first major European customer for the newly certified E195-E2 offered by A220 rival Embraer of Brazil, whose commercial aerospace arm is being acquired by Boeing.

KLM signed a letter of intent for 15 of the upgraded aircraft and options for another 20.

The Dutch carrier and Franco-Dutch low-cost subsidiary Transavia both operate the Boeing 737 family.

(Additional reporting by Laurence Frost; Editing by Geert de Clercq and Luke Baker)

By Tim Hepher

Stocks mentioned in the article
ChangeLast1st jan.
AIR FRANCE-KLM 2.70% 10.19 Real-time Quote.7.49%
AIRBUS SE 0.51% 123.02 Real-time Quote.46.52%
BOEING COMPANY (THE) 0.75% 330.45 Delayed Quote.1.71%
BOMBARDIER, INC. 4.40% 1.66 Delayed Quote.-21.67%
EMBRAER S.A. -0.28% 18 End-of-day quote.-16.74%
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, SA 1.32% 421.8 Delayed Quote.-31.75%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AIRBUS SE
09:32aBROWN FORMAN : U.S. whiskey exporters struggle after year of EU tariffs
RE
08/15Boeing delays delivery of ultra-long-range version of 777X
RE
08/14NEWS HIGHLIGHTS : Top Company News of the Day
DJ
08/14Boeing Plane Deliveries Tumble So Far in 2019
DJ
08/14LION AIR 'URGENTLY REQUIRES' MORE 73 : co-founder
RE
08/14NEWS HIGHLIGHTS : Top Company News of the Day
DJ
08/14NEWS HIGHLIGHTS : Top Company News of the Day
DJ
08/14NEWS HIGHLIGHTS : Top Company News of the Day
DJ
08/14NEWS HIGHLIGHTS : Top Company News of the Day
DJ
08/13NEWS HIGHLIGHTS : Top Company News of the Day
DJ
More news
Financials (EUR)
Sales 2019 70 381 M
EBIT 2019 6 963 M
Net income 2019 4 732 M
Finance 2019 14 745 M
Yield 2019 1,74%
P/E ratio 2019 20,3x
P/E ratio 2020 16,9x
EV / Sales2019 1,15x
EV / Sales2020 1,06x
Capitalization 95 648 M
Chart AIRBUS SE
Duration : Period :
Airbus SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AIRBUS SE
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 23
Average target price 144,00  €
Last Close Price 123,02  €
Spread / Highest target 34,9%
Spread / Average Target 17,1%
Spread / Lowest Target -10,6%
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 SE46.52%105 669
BOEING COMPANY (THE)1.71%184 569
DASSAULT AVIATION-0.91%10 892
TEXTRON-5.72%9 978
AVIC HELICOPTER CO LTD17.02%3 667
EMBRAER S.A.-16.74%3 309