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    AIR   NL0000235190

AIRBUS SE

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Airbus : talking to China's aviation regulator about A220 certification - exec

09/28/2021 | 01:42am EDT
A model of the Airbus A220-300 aircraft is seen at a media event at Indira Gandhi International Airport in New Delhi

ZHUHAI, China (Reuters) - Airbus SE is in talks with China's aviation regulator about certifying its A220 narrowbody plane that has received strong interest from domestic airlines, the head of Airbus' China business said on Tuesday.

Airbus China CEO George Xu said that the A220 would help airlines fill the gap between regional aircraft and larger narrowbodies and could be of particular use in the less developed western part of China.

The A220, which is larger than China's homegrown ARJ21 regional jet and smaller than the upcoming C919 narrowbody, has been in service elsewhere since 2016 but it has still not been certified by China's aviation regulator.

Xu's comments were made on the sidelines of Airshow China, the country's biggest air show.

(Reporting by Stella Qiu and David Kirton in Zhuhai; Writing by Jamie Freed; Editing by Jacqueline Wong)


© Reuters 2021
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Financials
Sales 2021 52 710 M 61 322 M 61 322 M
Net income 2021 2 778 M 3 232 M 3 232 M
Net cash 2021 5 850 M 6 806 M 6 806 M
P/E ratio 2021 28,4x
Yield 2021 0,76%
Capitalization 87 521 M 102 B 102 B
EV / Sales 2021 1,55x
EV / Sales 2022 1,33x
Nbr of Employees 126 050
Free-Float 74,1%
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Mean consensus BUY
Number of Analysts 21
Last Close Price 111,38 €
Average target price 139,23 €
Spread / Average Target 25,0%
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Managers and Directors
Guillaume Faury Chief Executive Officer
Dominik Asam Chief Financial Officer
René Richard Obermann Chairman
Sabine Klauke Chief Technical Officer
Alberto Jose Gutierrez Moreno Chief Operating Officer
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