Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Safran    SAF   FR0000073272

SAFRAN (SAF)
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

SAFRAN : SAS SIGNS LOI FOR LONG-TERM LEAP SERVICES AGREEMENT

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/21/2013 | 11:40am CEST
12-year term valued at $180 million U.S.
LE BOURGET, France - 20 June 2013 - SAS today announced that it has signed a Letter of Intent with CFM International for the long-term support of its advanced LEAP-1A engines. In 2011, the airline selected the engine to power 30 firm Airbus A320neo aircraft and hold options on 11 additional airplanes.
Under the terms of the 12-year Rate Per Flight Hour Agreement (RPFH), valued at $180 million U.S., CFM will guarantee maintenance costs on a dollar per engine flight hour basis.
SAS, the multi-national carrier of Sweden, Norway and Denmark, operates scheduled flights to nearly 100destinations throughout Scandinavia, Europe, Asia, and the U.S. with a fleet of 140 aircraft. The SAS currently operates a fleet of nearly 100 CFM-powered aircraft and owns a total of nearly 200 CFM56 engines. As a major European airline, SAS has long been at the forefront of adopting technologies that reduce the impact of aviation on the environment, as well as choosing efficient engines to power its fleet.
****
About CFM
LEAP engines are a product of CFM International is a 50/50 joint company between Snecma (Safran) and GE and the world's largest supplier of commercial aircraft engines. To date, more than 25,000 CFM56 engines have been delivered to more than 500 operators around the globe. This fleet has achieved more than 635 million flight hours as the most reliable engines in the air.
distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SAFRAN
08/22 Flight of passion takes off in style
08/22 SAFRAN : to open new aircraft engine facility in Mobile, US
08/22 SAFRAN : MILITARY $34,370 Federal Contract Awarded to Safran Landing Systems
08/22 Flight of passion takes off in style
08/17 SAFRAN : Patent Issued for Aircraft Throttle Control Device Including a Cam Coup..
08/11 SAFRAN : - ALC places $348 million CFM LEAP-1B engine order
08/10 SAFRAN : "Method for Selecting of a Milling Cutter for Machining" in Patent Appl..
08/10 SAFRAN : TSA Pre✓ and TWIC Programs to Be Offered at Maryland Department ..
08/09 SAFRAN : ALC places $348 million CFM LEAP-1B engine order
08/07 SAFRAN : - LEAP engine setting new standard for commercial aviation
More news
News from SeekingAlpha
08/13 Tracking Tweedy Browne Portfolio - Q2 2017 Update
07/28 Safran's (SAFRF) CEO Philippe Petitcolin on Q2 2017 Results - Earnings Call T..
07/28 Safran SA reports 1H results
07/28 Safran SA 2017 Q2 - Results - Earnings Call Slides
06/22 Europe sets sights on cheap rocket engines
Financials (€)
Sales 2017 16 337 M
EBIT 2017 2 379 M
Net income 2017 1 617 M
Finance 2017 782 M
Yield 2017 1,91%
P/E ratio 2017 17,67
P/E ratio 2018 18,78
EV / Sales 2017 2,09x
EV / Sales 2018 1,86x
Capitalization 34 922 M
Chart SAFRAN
Duration : Period :
Safran Technical Analysis Chart | SAF | FR0000073272 | 4-Traders
Technical analysis trends SAFRAN
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 82,7 €
Spread / Average Target -1,2%
EPS Revisions
Managers
NameTitle
Philippe Petitcolin Chief Executive Officer & Director
Bernard-Pierre Jacques Delpit Chief Financial Officer
Jean-Marc Forneri Independent Director
Patrick Gandil Director
Xavier Lagarde Director
Sector and Competitors
1st jan.Capitalization (M$)
SAFRAN21.94%41 066
TRANSDIGM GROUP INCORPORATED9.03%14 293
SPIRIT AEROSYSTEMS HOLDINGS, INC.20.62%8 395
AVIC AIRCRAFT CO LTD--.--%7 924
MTU AERO ENGINES9.88%7 371
HEICO CORP31.95%6 380