Streetbeat News

EADSY

Airbus SE

http://www.airbus.com/

CEO

Guillaume Faury

Industry

Aircraft Manufacturing

Open

38.17

Mkt cap

121B

Volume

32K

High

38.19

P/E Ratio

33.80

52-wk high

46.78

Low

37.95

Div yield

0.02

52-wk low

34.10

Boeing's CEO discussed the Spirit deal during a conference call, emphasizing the company's ability to proceed without complete clarity on Airbus's actions. He encouraged Spirit AeroSystems to enhance its business operations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:19 pm

Turkish Airlines is set to sign a $20 billion deal with Rolls-Royce Holdings Plc and Airbus SE for local aircraft component production as part of its plane acquisition plan. This deal, expected to be announced in Istanbul, includes the purchase of 230 aircraft from Airbus to enhance its Istanbul hub. The initiative aims to boost Turkey's aviation sector and includes local production of airplane parts with entities like TUSAS Engine Industries Inc. involved.

Portfolio Pulse from Shivani Kumaresan

April 17, 2024 | 1:40 pm

Airbus CEO mentioned the possibility of Airbus becoming the owner of two Spirit AeroSystems plants in the U.S. and UK, highlighting a change-of-control clause in contracts with Spirit Aero. This statement comes in response to Boeing's decision to enter talks to buy back Spirit, marking a 'new paradigm' for Airbus. The CEO emphasized Airbus's significant role in any discussions regarding the fate of Airbus-focused Spirit assets.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 1:32 pm

Boeing Co (NYSE:BA) faces challenges as Q1 deliveries drop to 97 planes, causing the stock to fall by 1.87% and over 30% YTD. Issues include a mid-air incident, CEO compensation concerns, and production slowdowns. Technical analysis shows a bearish trend, and Boeing's valuation is high compared to Airbus (OTCPK:EADSF, OTCPK:EADSY) and Lockheed Martin (NYSE:LMT).

Portfolio Pulse from Surbhi Jain

April 09, 2024 | 7:10 pm

Boeing Company (NYSE:BA) reported a significant drop in its first quarter deliveries for 2024, with 83 commercial aircraft delivered compared to 130 in the same period last year. The company also delivered 14 defense sector aircraft. Boeing and Airbus SE (OTC:EADSY) are reportedly close to splitting operations of supplier Spirit Aerosystems Holdings, Inc. (NYSE:SPR), potentially ending Boeing's 20-year outsourcing strategy. This comes as Boeing faces pressure to reassess its supply chain strategy following a recent crisis. BA stock has declined over 13% in the past year, with exposure available through IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSE:PPA).

Portfolio Pulse from Nabaparna Bhattacharya

April 09, 2024 | 3:47 pm

Air Lease Corporation (AL) reported delivering 14 new aircraft in Q1 2024, a decrease from 22 in the same period last year. The company's investments in aircraft fell to $900 million from $1.4 billion year-over-year, and it sold five aircraft, up from two. Air Lease's fleet includes 472 owned and 73 managed aircraft, with 320 new aircraft on order from Boeing (BA) and Airbus (EADSY) through 2028. The company also issued $500 million in senior unsecured notes and disclosed lease agreements for three Boeing 787-9 aircraft with Thai Airways.

Portfolio Pulse from Nabaparna Bhattacharya

April 09, 2024 | 1:21 pm

Air Lease Corporation announced it has 320 new aircraft on order from Boeing and Airbus, with deliveries scheduled through 2028. This significant expansion of its fleet underscores Air Lease's growth strategy and commitment to modernizing its offerings with more fuel-efficient aircraft.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 10:35 am

Spirit Airlines, Inc. (NYSE:SAVE) has deferred all Airbus SE (OTC:EADSY) aircraft deliveries scheduled for Q2 2025 to end of 2026 to 2030-2031, improving liquidity by $340 million over two years. Despite this, Spirit plans to furlough 260 pilots from September 1, 2024, due to grounded aircraft from Pratt & Whitney GTF engine issues and the deferrals. A compensation agreement with Pratt & Whitney is expected to further improve liquidity by $150-$200 million. Spirit's shares rose 3.61% to $4.59.

Portfolio Pulse from Shivani Kumaresan

April 08, 2024 | 2:58 pm

Spirit Airlines has reached an agreement with Airbus to defer the delivery of all ordered aircraft scheduled for Q2 2025 through the end of 2026 to 2030-2031, excluding direct-lease aircraft due in Q2 and Q3 2025. This deferral will improve Spirit's liquidity by approximately $340 million over the next two years, with no changes to deliveries scheduled for 2027-2029.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:31 am

Boeing Co. (NYSE:BA) and Airbus SE (OTC:EADSY) are reportedly close to finalizing a deal to split the operations of Spirit AeroSystems Holdings Inc. (NYSE:SPR), a key supplier. This move could mark the end of Boeing's 20-year outsourcing strategy and involves dividing Spirit's assets crucial for their jet programs amid antitrust concerns. The deal, still under negotiation, could see Boeing and Airbus taking over essential plants, with Airbus potentially investing over $1 billion in A220 wing production optimization. The division is seen as a strategic pivot for Boeing to reinforce its manufacturing capabilities, especially after recent FAA scrutiny over quality control.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 9:04 am

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