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

AIRBUS SE

(AIR)
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Delayed Quote. Delayed Euronext Paris - 10/30 12:36:10 pm
62.59 EUR   +1.77%
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Airbus : unveils concepts for hydrogen-powered plane

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09/21/2020 | 11:21pm EDT
FILE PHOTO: Airbus logo at the Airbus Defence and Space facility in Elancourt

Airbus has unveiled three visual concepts for "zero emission" airplanes to be powered by hydrogen.

It is the planemaker's latest effort to draw public attention to its "zero-emission" ambitions as European governments push for cleaner technology in their post-COVID recovery plans.

Airbus has set itself a deadline of 2035 to put a carbon-free commercial aircraft into service, a target engine makers like Safran have described as ambitious.

The "ZEROe" initiative includes concepts for two conventional-looking aircraft: a turbofan jet engine able to carry 120-200 people over 2,000 nautical miles (3,700 km) and a turboprop able to carry up to 100 people for 1,000 nm.

Unlike normal planes, the engines would be adapted to burn liquid hydrogen stored in the rear fuselage.

A third proposal incorporates a revolutionary "blended wing body" design similar to one presented in February.

At the same time, Airbus is working on a demonstrator, with initial results expected in 2021.

"The demonstrator will allow us to assess what the most promising architecture is," Airbus Chief Technology Officer Grazia Vittadini said in an interview.

"We see it as applicable to all Airbus products eventually."

To meet its 2035 goal, Airbus would need to select technologies by 2025, she said. Other industry executives said such a clean break in propulsion could take until 2040.

Challenges include finding ways to safely store volatile liquid hydrogen during flight at very cold temperatures.

Airbus dismissed concerns that hydrogen would be unsafe and has called for massive investment in new energy infrastructure.

While hydrogen has been discussed since the 1970s, it remains too expensive for widespread use. Proponents say infrastructure investment and rising demand will lower the cost.

Most hydrogen used today is extracted from natural gas, which creates carbon emissions.

However, Airbus said the hydrogen used for aviation would be produced from renewable energy and extracted from water with electrolysis. That's a carbon-free process if powered by renewable electricity, but it is currently more expensive.

(Reporting by Tim Hepher; Editing by Sam Holmes)


Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 1.77% 62.59 Real-time Quote.-52.03%
SAFRAN 3.38% 90.52 Real-time Quote.-34.24%
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Financials
Sales 2020 46 605 M 54 271 M 54 271 M
Net income 2020 -588 M -685 M -685 M
Net cash 2020 117 M 136 M 136 M
P/E ratio 2020 -52,3x
Yield 2020 0,04%
Capitalization 49 047 M 57 158 M 57 116 M
EV / Sales 2020 1,05x
EV / Sales 2021 0,91x
Nbr of Employees 135 154
Free-Float 74,0%
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Technical analysis trends AIRBUS SE
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 81,23 €
Last Close Price 62,59 €
Spread / Highest target 96,5%
Spread / Average Target 29,8%
Spread / Lowest Target -42,3%
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Managers
NameTitle
Guillaume Faury Chief Executive Officer
René Richard Obermann Chairman
Michael Schöllhorn Chief Operating Officer
Dominik Asam Chief Financial Officer
Luc Hennekens Chief Information Officer
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