|Bid||60.98 x 200|
|Ask||61.50 x 17100|
|Day's range||100.90 - 102.60|
|52-week range||76.96 - 102.85|
|PE ratio (TTM)||8.83|
|Forward dividend & yield||1.60 (1.62%)|
|1y target est||93.35|
A lawsuit against Southwest Airlines Co has been filed by a passenger who was flying on last week's flight 1380, in which an engine exploded and one person was killed. The lawsuit claims that since the accident, the passenger, Lilia Chavez, has suffered post-traumatic stress disorder, anxiety, depression and other personal injuries. The lawsuit was filed on Thursday in the U.S. District Court for the Eastern District of Pennsylvania.
Safran (SAF.PA) said on Wednesday it expected to reach the high end of its full-year targets after posting a 12 percent rise in first-quarter revenues, and said it had not discovered any surprises since taking over Zodiac Aerospace in March. No news on Paris-based Zodiac is generally seen as good news, following production upheavals and repeated profit warnings that resulted in the company bowing to Safran's long-held takeover ambitions last year. "Overall, the state of the company matches what we expected," Safran Chief Executive Philippe Petitcolin said.
Airbus (AIR.PA) plans to increase production of single-aisle A320-family aircraft to 63 a month, a company spokesman said. The production increase, first reported by France's La Tribune, will take effect in 2019, accelerating previous plans to lift output to 60 aircraft a month by the same deadline. The plans were unveiled to suppliers in a letter earlier this month, the spokesman said.
Airbus plans to increase production of single-aisle A320-family aircraft to 63 a month, a company spokesman said. The production increase, first reported by France's La Tribune, will take effect in 2019, accelerating previous plans to lift output to 60 aircraft a month by the same deadline. The plans were unveiled to suppliers in a letter earlier this month, the spokesman said.
The head of French engine maker Safran (SAF.PA) struck a cautious note on further increases in Airbus jet production on Wednesday, saying he could not commit just yet to expanding the supply of new engines co-produced with General Electric (GE.N). Through their CFM joint-venture, Safran and GE are changing models to the LEAP engine, which has faced some delivery delays. The engines power the latest version of Boeing 737 and about half of the A320neo line sold by Airbus, which said earlier it planned to raise its 2019 output target to 63 a month from 60.
PARIS (Reuters) - French aerospace group Safran (SAF.PA) reported higher first quarter sales on Wednesday, with turnover lifted by its takeover of Zodiac Aerospace, and confirmed its 2018 outlook. Safran ...
Concerning a period prior to Safran taking control of Zodiac Aerospace. H1 2017/2018 sales decline of -6.8% organic with growth in Aerosystems and a fall in Aircraft Interiors revenue. Positive H1 2017/2018 Current Operating Income of €35.3m, still impacted by Aircraft Interiors, up compared to €(11.5)m in H1 2016/2017. Cash generation was €(119)m in H1 though improved by €77m compared to H1 2016/2017 with a contained increase in working capital.
April 3 (Reuters) - Xinjiang Machinery Research Institute Co Ltd: * SAYS ITS UNIT SIGNS LONG-TERM SUPPLY AGREEMENT WITH FRANCE'S SAFRAN, 1ST BATCH OF COMPONENT ORDERS WORTH $89.73 MILLION Source text in ...
(Corrects to say Vietjet signed an MoU, not contract, with Safran-CFM) HANOI, March 27 (Reuters) - Vietnam's Vietjet Aviation on Tuesday signed deals worth a combined $7.3 billion with Safran-CFM and GE ...
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.