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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Airbus SE    AIR   NL0000235190

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GECAS orders 100 Airbus A320neo aircraft

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06/19/2017 | 05:26pm CEST

PARIS (Reuters) - Lessor GECAS has placed an order for 100 Airbus (>> Airbus SE) A320neo aircraft, selecting CFM engines, due to be delivered from 2020 to 2024, the companies said on Monday at the Paris Airshow.

PARIS (Reuters) - Lessor GECAS has placed an order for 100 Airbus (>> Airbus SE) A320neo aircraft, selecting CFM engines, due to be delivered from 2020 to 2024, the companies said on Monday at the Paris Airshow.

The order comes after Boeing (>> Boeing Company (The)) unveiled plans for a new version of its rival narrowbody jet on Monday, the 737 MAX 10.

Airbus sales chief John Leahy said he did not view the new Boeing model as a rival to the A321.

"We think the 737 MAX-10 is a competitor to the (MAX)9 and that's why a lot of people are converting," he said.

Airbus CEO Fabrice Bregier added the manufacturer was in talks with several potential customer over a planned upgrade for its A380 superjumbo, dubbed the A380plus.

The new wingtips, unveiled on Sunday, would only be put into production if Airbus received "a large order", he said.

(Reporting by Victoria Bryan; Editing by Mark Potter)

Stocks mentioned in the article
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BOEING COMPANY (THE) 0.21% 344.2 Delayed Quote.11.58%
GENERAL ELECTRIC COMPANY 2.38% 14.3944 Delayed Quote.-15.87%
SAFRAN 4.66% 94.74 Real-time Quote.5.37%
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Financials (€)
Sales 2018 67 281 M
EBIT 2018 5 143 M
Net income 2018 3 547 M
Finance 2018 12 270 M
Yield 2018 1,89%
P/E ratio 2018 20,75
P/E ratio 2019 16,82
EV / Sales 2018 0,93x
EV / Sales 2019 0,84x
Capitalization 74 907 M
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 106 €
Spread / Average Target 12%
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Managers
NameTitle
Thomas Enders Chief Executive Officer & Executive Director
Denis Ranque Non-Executive Chairman
Harald Wilhelm Chief Financial Officer
Luc Hennekens Chief Information Officer
Marc Fontaine Chief Technology Officer
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