Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

Airbus : Ramps Up Services Business With Malaysian Deal

share with twitter share with LinkedIn share with facebook
share via e-mail
10/12/2017 | 09:15am CEST
By Robert Wall 

Airbus SE on Thursday said it had taken full control of an Asian plane-repair company, as it and rival Boeing Co. both embark on a push to win a greater share of the lucrative market for servicing airliners.

Airbus said had acquired all of Malaysia's Sepang Aircraft Engineering company after it purchased a 40% stake in 2011. The value of the deal wasn't disclosed.

Plane makers Boeing, the world's largest by deliveries, and No. 2 Airbus for years have focused on making planes, leaving it to others to concentrate on making money over the more than 20 years those airliners generally are in service. But with airlines demanding steeper discounts when they buy the aircraft and investors seeking greater profits, the plane makers are looking to win a larger share of the so-called aftermarket business.

Boeing on July 1 set up a new unit to oversee combined commercial and military services. The company wants to grow its services business to $50 billion in five years.

Boeing estimates the market for global commercial aviation services at $8.5 trillion over the next 20 years, including fixing planes and activities such as training pilots. David Longridge, Boeing's head of sales for commercial aviation services, this month said the company would also be willing to provide services to airlines on planes made by Airbus or other manufacturers.

Laurent Martinez, head of services at Airbus, said that with the size of the global fleet of aircraft in service growing rapidly, the European plane maker is boosting its efforts to gain scale. Unlike Boeing, the company hasn't given a public figure of how much revenue it wants to generate from services. Airbus also is focusing mainly on its own planes.

Airbus's purchase of the repair facility in Kuala Lumpur is aimed at strengthening the European company's plane-repair capability in Asia and helping the company innovate how it services planes, Mr. Martinez said. The facility employs around 500 people and has contracts with budget carrier AirAsia, India's Indigo, and Scoot Tigerair Pte Ltd., a discount unit of Singapore Airlines.

Mr. Martinez has said Airbus was also working with a small network including other plane repair shops to provide its services. Boeing said it wouldn't form networks but would select repair facilities depending on what would best fit the airline customer buying its services.

The Airbus deal comes almost two years after the Toulouse, France-based company acquired Navtech, a flight operations technology provider, in another effort to bolster its services activities.

Airbus in June also unveiled a far-reaching effort to collect data from its planes operated by airline customers. It would work with data-mining company Palantir Technologies Inc. to crunch the numbers and help airlines better use their planes. Mr. Martinez said the outcome of much of the data analysis would be provided for free to get airlines to buy its planes and services. Some data products could also be sold.

Write to Robert Wall at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on AIRBUS SE
10/22 AIRBUS : and Bombardier Announce C Series Partnership
10/20 Factbox - Kobe Steel's data fabrication leaves manufacturers scrambling
10/20 UK business minister travels to Canada for talks on Bombardier deal
10/20 Kobe Steel's data fabrication leaves manufacturers scrambling
10/19DJAIRBUS : Completes First Flight of Its A330-900
10/19 Kobe Steel's data fabrication leaves manufacturers scrambling
10/19 Factbox - Kobe Steel's data fabrication leaves manufacturers scrambling
10/19 Airbus says A320neo delivery goal is tough but within reach
10/19DJDelta Awaits Bombardier Jets Made in the U.S. -- WSJ
10/18 Delta says it did not play a role in Airbus-Bombardier deal
More news
News from SeekingAlpha
10/20 Airbus has no plans to buy out Bombardier CSeries partnership, CEO says
10/20 BOEING 787 : The Alternative Method
10/20 BOEING 787 : Uncertainty Remains
10/18 Airbus says it will push Bombardier CSeries sales over its own A319
10/18 Delta plans to avoid tariffs by taking Bombardier jets from Alabama plant
Financials (€)
Sales 2017 67 195 M
EBIT 2017 4 118 M
Net income 2017 2 687 M
Finance 2017 6 420 M
Yield 2017 1,80%
P/E ratio 2017 23,94
P/E ratio 2018 18,60
EV / Sales 2017 0,83x
EV / Sales 2018 0,73x
Capitalization 62 515 M
Duration : Period :
Airbus SE Technical Analysis Chart | AIR | NL0000235190 | 4-Traders
Technical analysis trends AIRBUS SE
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 85,6 €
Spread / Average Target 6,1%
EPS Revisions
Thomas Enders Chief Executive Officer & Executive Director
Denis Ranque Non-Executive Chairman
Fabrice Brégier COO & President-Airbus Commercial Aircraft
Harald Wilhelm Chief Financial Officer
Paul Eremenko Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
AIRBUS SE28.45%73 661
RAYTHEON31.85%54 828