Log in
E-mail
Password
Show 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
  1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. Airbus SE
  6. News
  7. Summary
    AIR   NL0000235190

AIRBUS SE

(AIR)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Airbus reaches deal to restructure AirAsia jet order -sources

09/17/2021 | 01:51pm EDT
FILE PHOTO: A logo of Airbus is seen at the entrance of its factory in Blagnac near Toulouse

PARIS (Reuters) - Airbus has agreed to cut prices or reschedule delivery for hundreds of jets ordered by Malaysia's AirAsia to salvage a contract worth tens of billions of dollars with its largest Asian customer, industry sources said on Friday.

The restructuring deal resets relations between two of the industry's closest partners, torn apart by the financial impact of the coronavirus crisis, and lifts uncertainty over the fate of up to 400 A320-family single-aisle jets yet to be delivered.

Airbus declined comment, while AirAsia did not immediately reply to a request for comment.

The AirAsia deal does not involve cancelling jets on order but includes a new delivery schedule and price cuts or other improvements in terms, the sources said.

AirAsia said last year it would stop taking deliveries of all Airbus jets and review remaining orders.

Industry sources said it had also stopped sending progress payments to Airbus, prompting the planemaker to suspend plans to produce jets on order pending the new restructuring deal.

The deal comes as other airlines in Asia that have ordered hundreds of jets to secure their growth are in the midst of restructuring or are expected to press for relief.

Other suppliers are also expected to come under pressure to negotiate new conditions, one of the sources said.

(This story changes "to restructure" instead of "to restructures" in headline)

(Reporting by Tim Hepher; Editing by Sudip Kar-Gupta, Louise Heavens and David Gregorio)

By Tim Hepher


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AIRASIA GROUP BERHAD 0.85% 1.19 End-of-day quote.34.46%
AIRASIA X BERHAD 5.26% 0.1 End-of-day quote.33.33%
AIRBUS SE 1.36% 114.9 Real-time Quote.27.98%
All news about AIRBUS SE
10/15AIRBUS : Receives a Buy rating from JP Morgan
MD
10/15AIRBUS : Leonardo says it did not use MPS parts for Airbus programmes
RE
10/15Leonardo Says Titanium Parts For Airbus Programs Not Sourced From Former Subsupplier
MT
10/15Leonardo Says It Didn't Supply Airbus With Components From Embattled Subcontractor -- U..
DJ
10/15ITA Begins Operations as Italy's New National Flag Carrier
DJ
10/15Aviation supply chain faces mounting strain as demand picks up
RE
10/15Leonardo recoups some losses after problems with sub-contractor
RE
10/14AIRBUS : Frontier Airlines selects Skywise Health Monitoring as future fleet performance t..
PU
10/14AIRBUS : Frontier Airlines has become the latest North American operator to adopt Skywise ..
PU
10/14AIRBUS : Services Update Presentation
PU
More news
Analyst Recommendations on AIRBUS SE
More recommendations
Financials
Sales 2021 52 736 M 61 174 M 61 174 M
Net income 2021 2 773 M 3 217 M 3 217 M
Net cash 2021 5 776 M 6 700 M 6 700 M
P/E ratio 2021 29,3x
Yield 2021 0,73%
Capitalization 90 286 M 105 B 105 B
EV / Sales 2021 1,60x
EV / Sales 2022 1,38x
Nbr of Employees 126 050
Free-Float 74,1%
Chart AIRBUS SE
Duration : Period :
Airbus SE Technical Analysis Chart | AIR | NL0000235190 | MarketScreener
Technical analysis trends AIRBUS SE
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 21
Last Close Price 114,90 €
Average target price 139,23 €
Spread / Average Target 21,2%
EPS Revisions
Managers and Directors
Guillaume Faury Chief Executive Officer
Dominik Asam Chief Financial Officer
RenÚ Richard Obermann Chairman
Sabine Klauke Chief Technical Officer
Alberto Jose Gutierrez Moreno Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
AIRBUS SE27.98%104 741
THE BOEING COMPANY1.58%127 218
TEXTRON INC.51.40%16 575
DASSAULT AVIATION SA4.52%9 046
AVIC ELECTROMECHANICAL SYSTEMS CO.,LTD.22.71%8 433
AVICOPTER PLC-10.54%5 139