Airbus Lands Mega Deal: Turkish Airlines Orders 220 Latest Generation Planes
Portfolio Pulse from Nabaparna Bhattacharya
Airbus SE (OTC:EADSY) has secured a significant order from Turkish Airlines for 220 aircraft, including 150 A321s and 70 A350s. This deal increases Turkish Airlines' total Airbus order to 504 planes, with 212 already delivered. Airbus has also been in advanced talks with Atos regarding its cybersecurity division BDS. In November, Airbus delivered 64 aircraft, totaling 623 deliveries for the year. EADSY shares closed down 1.26% at $38.50.
December 15, 2023 | 5:32 pm
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Airbus SE received a large order from Turkish Airlines for 220 aircraft and is in advanced talks with Atos for its cybersecurity division. Despite the positive news, EADSY shares closed down 1.26% at $38.50.
The large order from Turkish Airlines is a significant positive development for Airbus, indicating strong demand for its aircraft, which should be beneficial for the company's revenue and future growth prospects. However, the stock price decline on the day of the announcement may be due to broader market conditions or profit-taking, and does not necessarily reflect the long-term impact of the deal. The advanced talks with Atos over the cybersecurity division could also be seen as a strategic move to strengthen Airbus's position in the cybersecurity market.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100