|Bid||60.98 x 200|
|Ask||61.50 x 17100|
|Day's range||82.70 - 84.30|
|52-week range||68.53 - 92.36|
|PE ratio (TTM)||7.23|
|Forward dividend & yield||1.60 (1.82%)|
|1y target est||92.45|
PARIS/NEW DELHI (Reuters) - French and Indian companies signed contracts worth 13 billion euros (£11.6 billion) on the first day of President Emmanuel Macron's visit to India on Saturday, the French presidency said in a statement. The deals include a contract for France's Safran (SAF.PA) to supply airline Spice Jet (SPJT.BO) with engines, water system modernisation by Suez (SEVI.PA) in the southern city of Davangere and a contract between industrial gas company Air Liquide (AIRP.PA) and Sterlite. Macron and Indian Prime Minister Narendra Modi – addressing a news conference in New Delhi – also committed to strengthening their partnership on defence and security.
The head of Boeing Co (BA.N) said on Thursday the U.S. planemaker can absorb transactions on the scale of a proposed tie-up with Brazil's Embraer without putting at risk internal investments in its business or returning cash to shareholders. Chairman and Chief Executive Dennis Muilenburg also told Reuters in an interview that Boeing was "making progress" in talks with the Brazilian aerospace company. It continues to study a number of possible structures for a deal, which some outside analysts have said could value Embraer at $5-6 billion (3.62 billion pounds to 4.34 billion pounds).
French aeronautics supplier Safran is contingency planning for a cliff-edge Brexit that disrupts cross-border supply chains and could lead to divergence in British and European Union regulations, a senior company director said on Tuesday. Marie de Saint-Cheron, Safran's director for European Affairs, said she considered the proposed transition too short a period to negotiate new treaties and added that a hard Brexit, whereby World Trade Organisation rules apply, could not be ruled out.
Dassault Aviation announced plans for a new long-range business jet on Wednesday, renewing a battle with Gulfstream at the top end of the market as demand for the ultimate status symbol recovers from a prolonged recession. The new Falcon 6X plane will be able to fly from London to Los Angeles and will enter service in 2022, Chief Executive Eric Trappier told journalists at a business aerodrome outside Paris. "It will feature the most spacious cabin in the long-range segment," Trappier said in a vast showroom for prestige jets, adding that it would sell for $47 million.
Dassault Aviation (AVMD.PA) said on Wednesday that it was in talks with French engine maker Safran (SAF.PA) over delays in the development of the Silvercrest engine, which it has blamed for a decision to cancel its Falcon 5X business jet programme. "We are claiming we need compensation...so right now we are discussing this sensitive subject with Safran," he added.
France's Safran (SAF.PA) is close to an agreement to supply a version of its M88 military jet engine for India's Tejas light combat aircraft, two people close to the discussions said. The deal, if confirmed, could be finalised during a visit to India by French President Emmanuel Macron next month, they said, adding that negotiations could still be blown off course. Safran declined comment.
France's Safran predicted faster profit growth and announced a share buyback as it unveiled higher-than-expected 2017 sales and profits lifted by demand for aircraft equipment. The maker of engines, landing gear and optronics also extended Philippe Petitcolin's term as chief executive by two years to April 2020, as it prepares to absorb Zodiac Aerospace (LSE: 0NR6.L - news) and hike output of its new LEAP jet engine.
Airbus SE’s plan to further lift production of its A320neo jet faces resistance from both engine suppliers after Safran SA joined Pratt & Whitney in suggesting the move would strain resources to the limit....
Safran (SAF.PA) is working on plans to get LEAP jet engine deliveries back on schedule by mid-year after the knock-on effect of supplier quality problems pushed back deliveries by 4-5 weeks, said Chief Executive Philippe Petitcolin. Safran, which along with GE (GE.N) faced calls from Airbus (AIR.PA) this month to eradicate delays in the deliveries of the LEAP engine in 2018, had said earlier it was executing a "strong action plan" to cut costs and achieve a gross breakeven on the engine by end-decade.
France's Safran predicted 7-10 percent growth in core income this year and announced a share buyback as it unveiled higher-than-expected sales and profits, with strong demand for aircraft equipment offsetting a dip in 2017 engine profits. The maker of engines, landing gear and optronics also extended Philippe Petitcolin's mandate as chief executive by two years to the spring of 2020 as it prepares to absorb Zodiac Aerospace and hike output of its new LEAP jet engine. Safran, which partners General Electric in producing the engines for Boeing and Airbus medium-haul jets, said the cost of a transition to the new LEAP generation of engines peaked at 342 million euros ($422 million) in 2017.
French investment company FFP, one of the leading shareholders in Peugeot, has acquired a stake in French aerospace and technology group Safran with a view to having a say on how Safran is governed and managed. The FFP said in a statement on Tuesday that following Safran's takeover of Zodiac Aerospace and after a further purchase of Safran shares on the market, it now held around 3.2 million Safran shares.
French aero engine maker Safran (SAF.PA) expects to be producing 20,000 composite fan blades for the LEAP jet engine by 2021 at its new plant in central Mexico's Queretaro state, the company's chief executive Philippe Petitcolin said on Wednesday. The composites plant, a joint $100 million investment with Albany International, was built to meet record order books for new LEAP engines and an increase in production rates requested by planemakers, especially Boeing's (BA.N) 737 MAX. In Mexico, there are orders for LEAP engines for 60 Aeromexico 737 aircraft and 35 A320neo aircraft for Interjet, said Safran.
French aero engine maker Safran expects to be producing 20,000 composite fan blades for the LEAP jet engine by 2021 at its new plant in central Mexico's Queretaro state, the company's chief executive Philippe Petitcolin said on Wednesday. The composites plant, a joint $100 million investment with Albany International, was built to meet record order books for new LEAP engines and an increase in production rates requested by planemakers, especially Boeing's 737 MAX. In Mexico, there are orders for LEAP engines for 60 Aeromexico 737 aircraft and 35 A320neo aircraft for Interjet, said Safran.
Airbus said it was making good progress in resolving Pratt & Whitney engine snags that were holding up some A320neo narrowbody deliveries, and gave a fresh signal it was considering raising output of its larger A350 wide-body jet. Programmes Chief Didier Evrard told reporters on Tuesday that Airbus could cope with more than 10 A350 deliveries a month, the target which Airbus aims to reach by end-2018 in spite of some recent delays in the cabin supply chain.
Airbus staged its biggest one-day stock-market gain in five years on Thursday as increased jet output boosted its coffers and eclipsed a 1.3 billion euro (1.15 billion pounds) hit from its delayed A400M military plane programme. The stock closed 10.2 percent higher at 92.82 euros, narrowing Airbus' performance gap against U.S. rival Boeing. "It is partly a convergence play as Airbus stock plays catch up with Boeing, which before today had outperformed Airbus nearly 20 percent in 2018," said Agency Partners analyst Sash Tusa.
Airbus staged its biggest one-day stock-market gain in five years on Thursday as increased jet output boosted its coffers and eclipsed a 1.3 billion euro hit from its delayed A400M military plane programme. The stock closed 10.2 percent higher at 92.82 euros, narrowing Airbus' performance gap against U.S. rival Boeing (NYSE: BA - news) . "It is partly a convergence play as Airbus stock plays catch up with Boeing, which before today had outperformed Airbus nearly 20 percent in 2018," said Agency Partners analyst Sash Tusa.
Airbus Group (AIR.PA) said on Wednesday it has appointed Bruno Even as head of its helicopter division, effective from April 1. Airbus Helicopters has suffered from a slowdown in orders in recent years due to a downturn in the oil and gas sector, one of its main customers, and expects deliveries in 2018 to be roughly on a par with last year. Airbus Group is due to report its 2017 results on Thursday.
Airbus SE / Key word(s): Change of PersonnelAirbus SE: Bruno Even Appointed CEO of Airbus Helicopters14-Feb-2018 / 18:30 CET/CESTDisclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.
The AMG Managers Pictet International Fund buys ‘attractive companies at attractive prices.’
Ryanair's (RYA.I) Chief Executive Michael O'Leary on Monday warned that the company would not bow to some "laughable" demands from pilots and would rather see strike or disruptions than undermine the airline's productivity. The Irish airline, Europe's largest budget carrier, has been in talks with pilots since December, when it agreed to recognise trade unions for the first time in its history to avoid Christmas strikes.
The European Commission cleared the merger of French aerospace suppliers Safran (SAF.PA) and Zodiac (ZODC.PA) without imposing conditions, the EU executive said on Thursday. Reuters had reported exclusively last Friday that the Commission, which acts as the competition watchdog in the European Union, would let the deal go ahead. While both companies supply aircraft electrical systems, the Commission said the increase in market share the merger caused was very limited and the newly formed group would not gain power over suppliers and customers.
By Foo Yun Chee BRUSSELS (Reuters) - French aero engine maker Safran (SAF.PA) is set to secure an EU green light for its $7.7 billion (£5.8 billion) bid for aircraft seat maker Zodiac Aerospace (ZODC.PA) ...
European shares lagged their U.S. peers and closed in negative territory on Thursday, as a busy day of central bank meetings failed to provide momentum even though the European Central Bank raised its growth and inflation forecasts. Europe's STOXX 600 ended the day down 0.46 percent, while U.S. stocks climbed higher in morning trading, boosted by news that a long-awaited tax cutting bill should face final votes in Congress before the year-end. "The only reason for U.S. stocks to overperform today is the hope of a tax reform", said Nicolas Cheron, head of research at Binck, adding that investors were typically cautious at this time of the year before often heading into a "Christmas rally".
Young's five-year tenure has been marked by growth in Meggitt's civil aerospace business but with an accompanying drop at its military and energy operations, and the challenge now facing the supplier of high-performance sensing, monitoring, power and motion systems was highlighted by Tuesday's third-quarter results on Tuesday. Meggitt's chase for Trump's promised $700 billion (£534.6 billion) in defence spending will be led by aerospace specialist Tony Wood, who the company said would step up from chief operating officer to succeed Young from Jan. 1.