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

AIRBUS SE

(AIR)
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Real-time Quote. Real-time Euronext Paris - 01/22 11:36:06 am
88.83 EUR   -0.59%
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Norwegian Air seeks bankruptcy protection under Irish law

11/18/2020 | 11:07am EST
FILE PHOTO: Norwegian Air Sweden Boeing 737-800 plane SE-RRY approaches Riga International Airport in Riga

OSLO (Reuters) - Norwegian Air has asked an Irish court to oversee a restructuring of its massive debt as it seeks to stave off collapse amid the coronavirus pandemic, the carrier said on Wednesday.

Norway's government on Nov. 9 rejected the airline's plea for another injection of state funds, and the company said the following day it was at risk of having to halt operations in early 2021 unless it got access to more cash.

Growing rapidly to become Europe's third-largest low-cost airline and the biggest foreign carrier serving New York and other major U.S. cities, Norwegian's debt and liabilities stood at 66.8 billion crowns (5.57 billion pounds) at the end of September.

"Norwegian has chosen an Irish process since its aircraft assets are held in Ireland," the company said in a statement.

"Based on Norwegian's current cash position and the projections going forward, the company believes it has sufficient liquidity to go through the above-mentioned process," it said.

Before the pandemic, Norwegian Air helped transform transatlantic travel, expanding the European budget airline business model to longer-haul destinations, making basic flights cheaper for those prepared to go without frills.

(Reporting by Terje Solsvik, editing by Gwladys Fouche)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE -0.59% 88.83 Real-time Quote.-1.06%
EASYJET PLC -3.54% 778.6 Delayed Quote.-5.95%
NORWEGIAN AIR SHUTTLE ASA -1.47% 67 Real-time Quote.-22.94%
ROLLS-ROYCE HOLDINGS PLC -0.34% 102.95 Delayed Quote.-7.46%
RYANAIR HOLDINGS PLC -2.37% 14.845 Real-time Quote.-8.67%
SAS AB (PUBL) -1.60% 1.66 Delayed Quote.-9.04%
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Financials
Sales 2020 46 943 M 57 125 M 57 125 M
Net income 2020 -1 494 M -1 819 M -1 819 M
Net cash 2020 1 264 M 1 538 M 1 538 M
P/E ratio 2020 -49,6x
Yield 2020 0,03%
Capitalization 69 576 M 84 694 M 84 668 M
EV / Sales 2020 1,46x
EV / Sales 2021 1,29x
Nbr of Employees 134 071
Free-Float 74,1%
Chart AIRBUS SE
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Airbus SE Technical Analysis Chart | AIR | NL0000235190 | MarketScreener
Technical analysis trends AIRBUS SE
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 98,28 €
Last Close Price 88,83 €
Spread / Highest target 56,5%
Spread / Average Target 10,6%
Spread / Lowest Target -34,5%
EPS Revisions
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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