Airbus Breaks Ground With Pegasus Airlines: Unveils First A321neo From Cutting-Edge Toulouse Assembly Line
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Airbus SE (EADSY) has delivered its first A321neo from its new A320 Family Final Assembly Line in Toulouse to Pegasus Airlines. The new facility is part of Airbus' efforts to modernize and increase production to meet the high demand for the A321neo, which represents a significant portion of its order backlog. Pegasus Airlines, which operates a fleet of 93 Airbus aircraft, has 68 more A321neos on order. Additionally, easyJet Plc (ESYJY) confirmed an order for 157 A320neo Family aircraft, with options for 100 more, and plans to convert 35 A320neo on order to A321neo. EADSY shares closed up 0.49% at $38.69.
December 28, 2023 | 1:12 pm
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Airbus SE delivered the first A321neo from its new assembly line in Toulouse to Pegasus Airlines, indicating strong demand and production ramp-up for the A321neo.
The delivery of the first A321neo from the new assembly line and the large order from easyJet are positive indicators of Airbus' production capabilities and demand for its aircraft, likely leading to a positive short-term impact on EADSY's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
easyJet Plc confirmed an order for 157 additional A320neo Family aircraft from Airbus, with purchase rights for 100 more, indicating a strong partnership and future revenue for Airbus.
easyJet's confirmation of a large order for Airbus aircraft suggests a strong commercial relationship and future revenue stream for Airbus, which could positively influence EADSY's stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70