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

AIRBUS SE (AIR)
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Airbus : Issue identified with Pratt & Whitney GTF engines for Airbus's A320neo

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02/09/2018 | 09:46pm CET
An Airbus A320neo aircraft is pictured during a news conference to announce a partnership between Airbus and Bombardier on the C Series aircraft programme, in Colomiers near Toulouse

(Reuters) - An issue has been identified on some recently delivered Pratt & Whitney (>> United Technologies Corporation) GTF engines for European planemaker Airbus's (>> Airbus SE) A320neo aircraft, the two companies said on Friday

(Reuters) - An issue has been identified on some recently delivered Pratt & Whitney (>> United Technologies Corporation) GTF engines for European planemaker Airbus's (>> Airbus SE) A320neo aircraft, the two companies said on Friday

Pratt & Whitney said the problem related to the knife edge seal in the High Pressure Compressor (HPC) aft hub on the PW1100G-JM engine powering the A320neo.

Airbus said it had informed affected A320neo customers and operators, adding there are currently 113 Pratt & Whitney-powered A320neo aircraft flying with 18 customers.

Pratt & Whitney said in a statement the issue affected a "a limited subpopulation of engines," without elaborating.

Airbus said the two companies were assessing the situation and the European Aviation Safety Agency had published an Emergency Airworthiness Directive. Such a directive is issued when an unsafe condition exists that requires immediate action by an aircraft's owner or operator.

(Reporting by Alan Charlish; Editing by Mark Potter)

Stocks treated in this article : Airbus SE, United Technologies Corporation
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Financials (€)
Sales 2018 69 715 M
EBIT 2018 5 135 M
Net income 2018 3 558 M
Finance 2018 10 472 M
Yield 2018 1,88%
P/E ratio 2018 21,27
P/E ratio 2019 16,92
EV / Sales 2018 0,91x
EV / Sales 2019 0,82x
Capitalization 73 993 M
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 99,5 €
Spread / Average Target 4,2%
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Managers
NameTitle
Denis Ranque Non-Executive Chairman
Fabrice Brégier COO & President-Airbus Commercial Aircraft
Harald Wilhelm Chief Financial Officer
Luc Hennekens Chief Information Officer
Marc Fontaine Chief Technology Officer
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