|Bid||0.00 x 21500|
|Ask||0.00 x 52700|
|Day's Range||111.18 - 113.90|
|52 Week Range||78.93 - 113.90|
|Beta (3Y Monthly)||0.30|
|PE Ratio (TTM)||29.06|
|Forward Dividend & Yield||1.65 (1.48%)|
|1y Target Est||113.00|
Airbus SE is pushing for fast-growing Indian budget carriers to make the leap into low-cost, long-haul widebody operations to compliment their existing narrowbodies, an executive from the planemaker said. India is the world's fastest-growing market for air travel and budget airlines led by Interglobe Aviation Ltd's IndiGo have been looking to add more overseas routes. "With Indian airlines expanding international operations, the A330neo is the next natural step for growth," Joost van der Heijden, Airbus' head of marketing for Asia and North America, said on the sidelines of the Aero India airshow in Bengaluru.
Boeing and Airbus are in a race to supply jets for the longest flight in the world, which will be operated by Australian airline Qantas.
Airbus has begun lining up tentative orders for a longer-range version of its A321 jetliner, seeking to exploit signs of hesitation at arch-rival Boeing over whether to develop a new model in a hotly contested niche of the airplane market. The European firm is in detailed talks with airlines over the price and timing of the longer-range design - known as A321XLR - and has pencilled in some orders subject to a formal launch later this year, industry sources said. Airbus is looking for 200-300 draft orders before committing to build the A321XLR, aiming to limit the space available for a mid-market alternative that Boeing hopes to launch in a gap between medium-haul and long-haul jets.
The Australian airline plans to fly non-stop from Sydney to New York and London by 2022, marathon routes that will be the world’s longest commercial services. As the two aerospace giants pitch to supply planes for the flights, Qantas Chief Executive Officer Alan Joyce is squeezing the arch-rivals for every dollar to make ‘Project Sunrise,’ as he calls it, viable.
MTU Aero Engines issued disappointing guidance, but said it would be able to meet demand for parts for a key jet engine being built by United Technologies.
European aircraft maker Airbus deliveries of its A320neo aircraft are back on track in India with fewer problems being seen with the narrowbody jet's Pratt & Whitney engines, a senior company executive said on Wednesday. "Pratt has informed Airbus that engine issues have come down by a factor of four in the last 12 months," said Airbus' India head Anand Stanley, on the sidelines of the Aero India airshow in Bengaluru. Last month, India's aviation safety watchdog forced airlines to make extra checks on their Airbus A320neo aircraft fitted with Pratt & Whitney engines, as part of new safety protocols after temporary grounding orders affected the planes last year.
When Airbus SE launched the A380 superjumbo in 2000, it touted the two-deck plane as “the Eighth Wonder of the World.” Instead, the world’s largest passenger plane exposed dysfunction inside the European aerospace company and now offers a textbook case of a company misjudging its market and losing big. Airbus has sunk at least $17 billion into the project yet sold fewer than half of the 750 superjumbo jetliners it promised to deliver by the end of this year. On Thursday Airbus said it would cease producing the 555-seat plane at the end of 2021.
Years ago, when an editor asked me if Boeing would be around to pay off a 100-year bond it had recently offered, I flippantly replied that 100 years was only two product cycles for the company. The Boeing 747 first flew in 1969 and a freighter version will continue to be built near Seattle at least through 2022. The Boeing 737, which first flew in 1967, faces an order backlog that extends through 2027.
Jesse Cohen has over 35 years of air cargo experience, starting out in freight forwarding and moving on to the airline industry, where he worked in a variety of key commercial management roles at United Cargo, and later, Etihad Cargo and SilkWay West Airlines. As part of an agreement with Emirates, Airbus announced on February 14 that it would produce an additional 14 A380 airplanes for the airline through 2021, after which it would no longer manufacture the aircraft. Emirates opted to order Airbus A350-900 and A330-900 aircraft to replace the A380s cancelled from the original order.
Airbus said on Sunday it would have to make "difficult decisions" about future investment if Britain crashes out of the European Union without a deal, adding it had already spent tens of millions of euros in preparations. "There is no such thing as a managed 'no deal', it's absolutely catastrophic for us," senior vice president Katherine Bennett told the BBC's Andrew Marr.
U.K. Prime Minister Theresa May has started a desperate appeal to her Conservative Party, writing to lawmakers on Saturday to ask them to unite behind her in driving through a Brexit agreement that might be palatable to European Union leaders. Key DevelopmentsMay said she’s planning to return to Brussels for further talks with European Commission President Jean-Claude Juncker and that she will speak to the leader of every EU member state in the days ahead. The Times reported that Steve Baker, deputy chairman of the euroskeptic European Research Group, told colleagues that Brussels and London were pretending to negotiate while running down the clock so May’s Brexit deal can be forced through parliament.British regional airline flybmi ceased operation, blaming uncertainty surrounding Brexit, higher fuel prices and increased carbon costs.
Airbus Chief Executive Tom Enders urged Germany to press ahead with plans to create common European regulations on arms exports, saying the issue posed a litmus test for Berlin's ambitions to foster a European defence policy. By showing "a kind of moral superelevation" on arms exports, Germany was frustrating Britain, France and Spain, Enders told Reuters, adding that without a common European approach Airbus could consider manufacturing German-free products.
MUNICH/BERLIN (Reuters) - Germany's halt in exports to Saudi Arabia is preventing Britain from completing the sale of 48 Eurofighter Typhoon warplanes to Riyadh, and has delayed potential sales of other weapons such as the A400M military transport, a top Airbus official said Friday. Germany in November said it would reject future export licences to Saudi Arabia after the killing of journalist Jamal Khashoggi. Airbus Defence and Space chief Dirk Hoke told Reuters that uncertainty about the issue had undermined Germany's credibility, and could threaten future Franco-German defence projects, including a planned Eurodrone that was heading for an initial contract by the end of the year.
The thumping opening chords of “The Final Countdown” blared out briefly. Mr Faury, head of group’s commercial business, looked every inch the company man at Airbus’ results press conference on Thursday — dressed like the other senior executives in a white shirt and blue suit, sans tie. Mr Faury told reporters “there will be a lot of continuity” under his leadership but the reality is, change — if not revolution — is in the air.
Airbus's decision to shut production of the A380 looks set to reignite a translatlantic trade row over mutual claims of illegal aircraft subsidies, even as Airbus implements a two-year plan to stop making the world's largest airliner. The planemaker announced the shutdown on Thursday due to weak sales, eliminating a model at the heart of a record trade dispute between the European Union and United States over government support for Airbus and its U.S. rival Boeing. After 15 years and thousands of pages of arguments, the two sides are locked in arbitration proceedings at the Geneva-based World Trade Organization to determine the amount of harm each has caused through support, a possible precursor to sanctions.
Dear readers Many globetrotters will mourn the A380 jumbo jet. When Airbus announced the demise of the world’s biggest passenger plane this week, the dismay was not confined to employees. The idea of an ...
There is something annoying about the otherwise cool job of designing airplanes: You want to build them bigger and faster, but buyers just want boring efficiency gains. On Thursday, Airbus conceded defeat and announced the end of the A380, the largest commercial liner ever built. The double-decker, 555-seat A380 may seem young, but efforts to design it started as far back as 1988, when the company’s rival Boeing was reigning supreme with its 747 jumbo jet, famous for its humped upper deck.