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  
Real-time Quote. Real-time Tradegate - 09/17 03:58:07 pm
121.92 EUR   +0.56%
11:59aVietJet orders 15 Airbus A321XLR - sources
RE
11:31aWizz Air boss looks to Brexit as an opportunity to grow
RE
04:20aWizz Air says has stronger than usual hedges against Saudi oil shock
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Embraer shareholders OK sale of commercial jet division to Boeing

share with twitter share with LinkedIn share with facebook
share via e-mail
1
02/26/2019 | 10:02am EDT
FILE PHOTO: Embraer logo at LABACE in Sao Paulo

SAO PAULO (Reuters) - Shareholders of Brazil's Embraer SA approved a deal on Tuesday to sell 80 percent of the company's commercial plane division to Boeing Co, enabling Boeing to compete with Airbus SE in the market for jets with up to 150 seats.

About 96.8 of shareholders voted in favor of the deal after Embraer overturned an injunction that had put the shareholder meeting on hold. The transaction must now be approved by antitrust regulators around the world.

Embraer shares surged as much as 4.6 percent in Sao Paulo trading.

Under the terms of the deal finalized in December, Boeing will pay $4.2 billion to control Embraer's most profitable division, supplying passenger jets to airlines.

It positions Boeing to better rival Airbus, which last year bought a controlling stake in Bombardier Inc's CSeries planes - which also have less than 150 seats - putting Airbus in direct competition with Embraer.

Embraer shareholders' approval of the Boeing deal caps more than a year of negotiations in Brazil since the companies announced their talks. Behind the scenes it was more than two years since the idea was presented internally to Boeing, a person familiar with the matter said in July.

Brazil's government, which holds veto power over important business decisions at Embraer, a former state company, said last month that it would not block the partnership.

Once the transaction receives full regulatory approval, Boeing and Embraer will be joint owners of a yet-to-be-named commercial jet company, of which Embraer will own 20 percent, and Boeing, 80 percent.

The deal will provide a cash influx that the Brazilian planemaker has defended as crucial to its survival as increased competition between Boeing and Airbus squeezes out smaller rivals.

"The potential operation with Boeing will save Embraer," lawyers for the Brazilian planemaker said in July in a court filing as it battled an earlier challenge to the deal.

Embraer executives said earlier this year they would be able to wipe out the company's current debt thanks to Boeing's cash, giving them what they described as a fresh start.

But critics say the arrangement will leave Embraer weaker and financially dependent on its two remaining divisions, executive jets and defense, both of which have posted losses in recent quarters.

Shareholders also approved a joint venture between the two planemakers to market Embraer's new KC-390 military cargo jet. Embraer will retain ownership of the plane's intellectual property, but hopes Boeing will drum up orders from allies of the United States.

(Reporting by Marcelo Rochabrun in Sao Paulo; Additional reporting by Gram Slattery in Rio de Janeiro; Editing by Brad Haynes and Bernadette Baum)

By Marcelo Rochabrun

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 0.59% 121.96 Real-time Quote.45.26%
BOEING COMPANY (THE) 1.41% 384.2 Delayed Quote.17.47%
BOMBARDIER, INC. 0.00% 1.86 Delayed Quote.-7.39%
E.ON SE 0.17% 8.93 Delayed Quote.3.51%
EMBRAER S.A. -0.67% 19.3 End-of-day quote.-10.19%
EURO / BRAZILIAN REAL (EUR/BRL) 0.02% 4.5134 Delayed Quote.1.16%
share with twitter share with LinkedIn share with facebook
share via e-mail
1
Latest news on AIRBUS SE
11:59aVietJet orders 15 Airbus A321XLR - sources
RE
11:31aWizz Air boss looks to Brexit as an opportunity to grow
RE
04:20aWizz Air says has stronger than usual hedges against Saudi oil shock
RE
02:48aWHAT'S NEWS : Business & Finance -- WSJ
DJ
12:20aBoeing raises 20-year forecast for China aircraft demand
RE
12:16aVirgin Australia, Qantas to compete for slots at Tokyo's Haneda airport
RE
09/16NEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
09/16NEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
09/16NEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
09/16Industrials Flat as Traders Hedge on Growth -- Industrials Roundup
DJ
More news
Financials (EUR)
Sales 2019 70 329 M
EBIT 2019 6 950 M
Net income 2019 4 731 M
Finance 2019 14 745 M
Yield 2019 1,75%
P/E ratio 2019 20,1x
P/E ratio 2020 16,7x
EV / Sales2019 1,14x
EV / Sales2020 1,05x
Capitalization 94 824 M
Chart AIRBUS SE
Duration : Period :
Airbus SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AIRBUS SE
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 24
Average target price 143,00  €
Last Close Price 121,96  €
Spread / Highest target 34,5%
Spread / Average Target 17,3%
Spread / Lowest Target -9,81%
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 SE45.26%103 666
BOEING COMPANY (THE)17.76%213 183
DASSAULT AVIATION10.74%12 251
TEXTRON11.76%12 105
AVIC HELICOPTER CO LTD29.68%4 054
AVIC ELECTROMECHANICAL SYSTEMS CO LTD--.--%3 576