Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

AIRBUS SE

(AIR)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

UK says it must have right to act if aerospace tariffs remain

10/29/2020 | 10:41am EST
FILE PHOTO: Members of Britain's cabinet meet at Downing Street in London

LONDON (Reuters) - Britain said it must have the right to respond in kind to tariffs imposed as part of a 16-year Boeing-Airbus row, underscoring the complicated choices the country will face on major trade flashpoints after Brexit.

International Trade Secretary Liz Truss made the comment following a speech in London on Thursday in which she criticised both the United States and Europe for "pernicious" trade practices in general, as she set out the UK's vision for its own future.

"We are extremely frustrated by the fact that this situation which has been running for 15 years hasn't been resolved," Truss said of the EU-U.S. standoff, adding that she was in talks with both sides to find an urgent resolution.

"Of course we will keep all options open to make sure the UK is able to respond in kind if those tariffs aren't removed."

The World Trade Organization a year ago authorised the United States to impose tariffs on $7.5 billion of EU goods in a dispute over subsidies to planemaker Airbus. Britain has left the EU, but is still subject to those tariffs, notably for whisky.

Earlier this month, the WTO awarded the European Union the right to target $4 billion of U.S. products. That could heighten transatlantic trade tensions, but also gives the EU leverage towards resolving the dispute for good.

The row thrusts Britain into a difficult situation.

It is urgently negotiating a trade deal with the EU to avoid widespread disruption when a transition period of de-facto EU membership ends on Dec. 31. It has also put a U.S. free trade agreement at the top of its post-Brexit wish list.

While looking ahead, Truss said the UK would not follow an "autarkic Britain First approach" or a protectionist route.

She also criticised those nations who use "their muscle to artificially promote state-subsidised products".

"Britain is learning from the twin errors of values-free globalisation and protectionism," she said. "We are instead rooting our approach for global free trade in our values of sovereignty, democracy, the rule of law and a fierce commitment to high standards."

(Reporting by Kate Holton and William James; Editing by William Maclean and Hugh Lawson)

By Kate Holton and William James


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 3.73% 93.5 Real-time Quote.-30.92%
EURO / BRITISH POUND (EUR/GBP) 0.14% 0.88987 Delayed Quote.5.48%
THE BOEING COMPANY 3.29% 218.49 Delayed Quote.-32.93%
All news about AIRBUS SE
10:38aGE warns of more job cuts at aviation business amid sluggish recovery
RE
08:44aAIRBUS : CEO says industry might need until 2025 to reach pre-crisis levels
RE
06:37aAIRBUS : How helicopters are braving the elements to keep our world running duri..
PU
02:53aAIRBUS : Barclays remains its Buy rating
MD
11/23AIRBUS : ExxonMobil has signed a contract for two Airbus H145 helicopters to sup..
PU
11/23Alaska Airlines leases 13 Boeing 737 MAX jets after ungrounding
RE
11/23Alaska Airlines leases 13 Boeing 737 MAX jets after ungrounding
RE
11/23Alaska Airlines to Lease 13 New 737-9 MAX Aircraft in Modernization Bid
DJ
11/23Embraer in turboprop talks as it charts future without Boeing
RE
11/23AIRBUS : PNG LNG adds H145 for Papua New Guinea operations
PU
More news
Financials
Sales 2020 45 758 M 54 356 M 54 356 M
Net income 2020 -1 682 M -1 998 M -1 998 M
Net Debt 2020 206 M 244 M 244 M
P/E ratio 2020 -44,7x
Yield 2020 0,03%
Capitalization 70 636 M 83 931 M 83 909 M
EV / Sales 2020 1,55x
EV / Sales 2021 1,33x
Nbr of Employees 134 071
Free-Float 74,1%
Chart AIRBUS SE
Duration : Period :
Airbus SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AIRBUS SE
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 90,79 €
Last Close Price 93,50 €
Spread / Highest target 56,1%
Spread / Average Target -2,90%
Spread / Lowest Target -37,8%
EPS Revisions
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
Sector and Competitors
1st jan.Capitalization (M$)
AIRBUS SE-30.92%83 445
THE BOEING COMPANY-38.72%119 415
TEXTRON INC.0.47%10 256
DASSAULT AVIATION-20.81%9 101
AVIC ELECTROMECHANICAL SYSTEMS CO.,LTD.50.58%6 135
AVICOPTER PLC9.62%4 686