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AIR FRANCE-KLM

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Real-time Euronext Paris  -  11:35 2022-08-16 am EDT
1.591 EUR   +1.31%
08/09AIR FRANCE-KLM : UBS sticks Neutral
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08/04Italian Government Seeks Improved Takeover Bids for ITA Airways
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08/04Italy asked bidders to provide better proposals for Ita Airways
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Air France-KLM to Buy 200 Engines From CFM International

07/05/2022 | 12:32pm EDT

By Pierre Bertrand


Air France-KLM said Tuesday that it has signed an agreement with CFM International for the purchase of engines to power the Franco-Dutch airline group's new fleet of Airbus SE's A320neo and A321neo planes.

Under the agreement, Air France-KLM will purchase 200 LEAP-1A engines from the jet engine manufacturer, a 50-50 joint venture between GE Aviation, part of General Electric Co., and Safran Aircraft Engines, a subsidiary of French aircraft equipment manufacturer Safran SA.

In December, Air France-KLM ordered 100 Airbus A320neo planes, with purchase rights for a further 60, as the company works on renewing and expanding its fleet.


Write to Pierre Bertrand at pierre.bertrand@wsj.com


(END) Dow Jones Newswires

07-05-22 1231ET

Stocks mentioned in the article
ChangeLast1st jan.
AIR FRANCE-KLM 1.31% 1.5905 Real-time Quote.-18.53%
AIRBUS SE 1.60% 110.54 Real-time Quote.-1.62%
CFM HOLDINGS LIMITED -1.65% 0.119 Delayed Quote.12.38%
GENERAL ELECTRIC COMPANY 1.58% 81.07 Delayed Quote.-14.18%
SAFRAN 0.43% 112.46 Real-time Quote.4.46%
All news about AIR FRANCE-KLM
08/09AIR FRANCE-KLM : UBS sticks Neutral
MD
08/04Italian Government Seeks Improved Takeover Bids for ITA Airways
MT
08/04Italy asked bidders to provide better proposals for Ita Airways
RE
08/04Italy committed to collecting windfall tax revenues in full
RE
08/04AIR FRANCE-KLM : Deutsche Bank reiterates its Neutral rating
MD
08/04Lufthansa limits flights amid travel chaos
RE
08/02Italy's right-wing frontrunner asks Draghi to freeze Ita Airways sale
RE
08/02Schiphol Airport says passenger caps to continue through October
RE
08/01AIR FRANCE-KLM : Deutsche Bank remains Neutral
MD
07/31AIR FRANCE-KLM : Monthly statement on outstanding equity shares and voting rights
CO
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Analyst Recommendations on AIR FRANCE-KLM
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Financials
Sales 2022 23 768 M 24 186 M 24 186 M
Net income 2022 -12,7 M -13,0 M -13,0 M
Net Debt 2022 8 369 M 8 517 M 8 517 M
P/E ratio 2022 -288x
Yield 2022 -
Capitalization 4 087 M 4 158 M 4 158 M
EV / Sales 2022 0,52x
EV / Sales 2023 0,48x
Nbr of Employees 71 984
Free-Float 47,1%
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Technical analysis trends AIR FRANCE-KLM
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Mean consensus HOLD
Number of Analysts 19
Last Close Price 1,59 €
Average target price 1,84 €
Spread / Average Target 15,4%
EPS Revisions
Managers and Directors
Benjamin M. Smith Chief Executive Officer & Director
Steven Zaat Chief Financial Officer
Anne-Marie Couderc Non-Executive Chairman
Jean-Christophe Lalanne Executive Vice President-Information Technology
Isabelle Bouillot Independent Director
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