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

AIRBUS SE

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Airbus : China's COMAC finalises C919 design, regulator to oversee final flight tests

11/27/2020 | 04:30am EST

BEIJING/SYDNEY (Reuters) - Commercial Aircraft Corp of China (COMAC) has mostly finalised the design of its C919 narrowbody jet, paving the way for China's aviation regulator to oversee final flight testing, the manufacturer said on Friday.

Designed to compete directly with the Airbus SE A320 and the Boeing Co 737 families in the market for jets with around 150 seats, the C919 is the speartip of China's efforts to break a powerful decades-old Western duopoly.

COMAC said the Civil Aviation Administration of China (CAAC) has issued the C919's Type Inspection Authorisation, meaning there could no longer be major adjustments to the aircraft structure.

The manufacturer has said it expects to obtain an airworthiness certificate for the C919 from China's aviation regulator next year, which would allow it to begin delivering the jet to domestic airlines.

China, the first country to ground Boeing's 737 MAX following two fatal crashes, has not set a timetable for the U.S.-made jet's return to service, the head of its aviation regulator said last month.

The United States lifted its 737 MAX flight ban last week, easing a safety crisis that left its top exporter with a tarnished reputation and hundreds of idle jets.

(Reporting by Stella Qiu in Beijing and Jamie Freed in Sydney; Editing by Jan Harvey)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 0.21% 91.45 Real-time Quote.1.69%
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Financials
Sales 2020 46 911 M 56 857 M 56 857 M
Net income 2020 -1 494 M -1 811 M -1 811 M
Net cash 2020 1 264 M 1 532 M 1 532 M
P/E ratio 2020 -51,0x
Yield 2020 0,03%
Capitalization 71 511 M 86 680 M 86 673 M
EV / Sales 2020 1,50x
EV / Sales 2021 1,33x
Nbr of Employees 134 071
Free-Float 74,1%
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 98,28 €
Last Close Price 91,30 €
Spread / Highest target 52,2%
Spread / Average Target 7,65%
Spread / Lowest Target -36,3%
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Managers and Directors
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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