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Airbus SE (EADSY.PK)

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Latest Key Developments (Source: Significant Developments)

Airbus Joins European Partners To Demonstrate Reduced Emission fello’fly Operations
Wednesday, 9 Sep 2020 

Sept 9 (Reuters) - AIRBUS SE ::AIRBUS JOINED BY EUROPEAN PARTNERS TO DEMONSTRATE REDUCED EMISSION FELLO’FLY OPERATIONS.FLIGHT TESTING WILL TAKE PLACE THROUGHOUT 2020 USING TWO AIRBUS A350 AIRCRAFT, WITH THE INVOLVEMENT OF THE AIRLINES AND ANSPS AS EARLY AS 2021 IN AN OCEANIC AIRSPACE.HAS SIGNED AGREEMENTS WITH TWO AIRLINE CUSTOMERS; FRENCHBEE AND SAS SCANDINAVIAN AIRLINES, AS WELL AS THREE AIR NAVIGATION SERVICE PROVIDERS (ANSP); FRANCE'S DSNA (DIRECTION DES SERVICES DE LA NAVIGATION AÉRIENNE), UK'S NATS AND EUROCONTROL TO DEMONSTRATE OPERATIONAL FEASIBILITY OF AIRBUS' DEMONSTRATOR PROJECT, FELLO'FLY, FOR REDUCING AVIATION EMISSIONS.UNDER AGREEMENTS, AIRBUS, FRENCHBEE, SAS, DSNA, NATS AND EUROCONTROL WILL DEVELOP A SAFE AND REALISTIC CONCEPT OF OPERATIONS (CONOPS) NECESSARY TO SHAPE FUTURE OPERATIONAL REGULATIONS FOR FELLO'FLIGHTS.  Full Article

Airbus Says Nakanihon Air Orders H215 Heavy Helicopter
Wednesday, 9 Sep 2020 

Sept 9 (Reuters) - Airbus SE ::NAKANIHON AIR REINFORCES UTILITY CAPABILITIES WITH NEW H215 ORDER.  Full Article

Qantas Expects Significant Underlying Loss In FY21
Thursday, 20 Aug 2020 

Aug 20 (Reuters) - Qantas Airways Ltd ::RECOGNISED $571 MILLION OF DE-DESIGNATED HEDGE LOSSES IN FY20 STATUTORY RESULT.GIVEN CURRENT BORDER RESTRICTIONS, 20 PER CENT OF PRE-COVID GROUP DOMESTIC CAPACITY IS SCHEDULED FOR AUGUST.EXPECTING A SIGNIFICANT UNDERLYING LOSS IN FY21.IN QANTAS FREIGHT DOMESTIC DEMAND EXPECTED TO REMAIN STRONG DUE TO GROWTH IN E-COMMERCE.IN DOMESTIC BUSINESS, RECENT SALES ACTIVITY SHOWS HIGH LEVELS OF LATENT TRAVEL DEMAND WHEN RESTRICTIONS ARE EASED.AROUND 4,000 OF AT LEAST 6,000 REDUNDANCIES EXPECTED TO BE FINALISED BY END-SEPTEMBER 2020, WITH CONTINUED UNION CONSULTATION.AS AT 30 JUNE 2020, NET DEBT WAS $4.7 BILLION.INTERNATIONAL NETWORK UNLIKELY TO RESTART BEFORE JULY 2021; POSSIBLY EARLIER FOR TRANS TASMAN.IN QANTAS FREIGHT STRONG INTERNATIONAL FREIGHT DEMAND EXPECTED TO CONTINUE BUT NOT AT PEAK LEVELS SEEN IN 4Q20.ONGOING STAND DOWN OF AROUND 20,000 EMPLOYEES, ENABLING RETENTION OF CORE SKILLS UNTIL WORK RETURNS.LOYALTY EXPECTED TO CONTINUE STRONG CASH FLOW CONTRIBUTION IN FY21."AT LEAST 6,000 OF OUR PEOPLE WILL LEAVE BUSINESS THROUGH NO FAULT OF THEIR OWN, AND THOUSANDS MORE WILL BE STOOD DOWN FOR A LONG TIME".SIGNIFICANT FURTHER CAPITAL EXPENDITURE REDUCTIONS ARE FORECAST IN FY21.  Full Article

ALAFCO Reaches Deal With Airbus To Defer Delivery Schedule Of Aircraft In Order Book
Wednesday, 19 Aug 2020 

Aug 19 (Reuters) - ALAFCO AVAIATION LEASE AND FINANCE CO ::REACHED AGREEMENT WITH AIRBUS TO DEFER DELIVERY SCHEDULE OF AIRCRAFT IN ITS ORDER BOOK WITH MANUFACTLNER.DELIVERY TO BE IN LINE WITH LATEST DEVELOPMENTS IN AVIATION INDUSTRY AS A RESULT OF SPREAD OR COVID-19.RE-ALIGN FUTURE PREDELIVERY PAYMENTS (PDPS) WITH NEW DELIVERY SCHEDULE,.RE-ALIGNMENT WILL RESULT IN RESCHEDULING UPCOMING PREDELIVERY PAYMENTS FOR THIS YEAR AND UPCOMING THREE YEARS TO YEAR 2024.  Full Article

Airbus Group: Airbus Corporate Jets Wins Order From Lufthansa Technik
Friday, 14 Aug 2020 

Aug 14 (Reuters) - AIRBUS GROUP ::AIRBUS CORPORATE JETS (ACJ) HAS WON FIRST A321LR ORDER FOR TWO AIRCRAFT FROM LUFTHANSA TECHNIK.  Full Article

Airbus Says Its 2020 Gross Orders By July 31 Totalled 369 Aircraft
Thursday, 6 Aug 2020 

Aug 6 (Reuters) - AIRBUS SE ::AIRBUS' 2020 GROSS ORDERS BY JULY 31ST TOTALLED 369 AIRCRAFT.NET ORDERS, AFTER CANCELLATIONS, STOOD AT 302 AIRCRAFT BY JULY 31ST.THE COMPANY REGISTERED FOUR NEW ORDERS IN JULY 2020.AIRBUS' BACKLOG OF AIRCRAFT REMAINING TO BE DELIVERED AS OF JULY 31ST STOOD AT 7,539.AIRBUS SAYS DELIVERS 245 AIRCRAFT IN JAN-JULY.AIRBUS SAYS DELIVERS 23 A350 AIRCRAFT IN JAN-JULY.AIRBUS SAYS DELIVERS 69 A321NEO AIRCRAFT IN JAN-JULY.AIRBUS SAYS DELIVERS 129 A320NEO AIRCRAFT IN JAN-JULY.  Full Article

Air Canada Says Will Look At Ways To Reduce Costs, Including Possible Cancellations Of Boeing, Airbus Aircraft On Order - Conf Call
Friday, 31 Jul 2020 

July 31 (Reuters) - Air Canada ::AIR CANADA EXEC SAYS TRAVEL IS RESUMING SLOWLY IN DOMESTIC MARKETS - CONF CALL.AIR CANADA EXEC SAYS WILL LOOK AT WAYS TO REDUCE COSTS, INCLUDING FURTHER ROUTE SUSPENSIONS & POSSIBLE CANCELLATIONS OF BOEING AND AIRBUS AIRCRAFT ON ORDER.AIR CANADA EXEC SAYS POSSIBLE CANCELLATIONS OF BOEING AND AIRBUS AIRCRAFT ON ORDER, INCLUDE AIRBUS A220, FORMER BOMBARDIER C SERIES MANUFACTURED AT MIRABEL, QUÉBEC.AIR CANADA EXEC SAYS THIS SUMMER CO PLANS TO SERVE 91 DESTINATIONS, CLOSE TO DOUBLE THE NUMBER IT OPERATED IN MAY.AIR CANADA EXEC SAYS CO HAS STARTED TO SEE SOME SIGNS OF RECOVERY IN DOMESTIC OPERATIONS, SPECIFICALLY WITH ITS TRANSCONTINENTAL SERVICES AND IN WESTERN CANADA.AIR CANADA EXEC EXPECTS RECOVERY TO BE SLOW, UNEVEN OVER THE ATLANTIC, WITH TRAVEL RESTRICTIONS AND CANADA'S BORDER CLOSURE STILL IN PLACE FOR EUROPEANS.AIR CANADA EXEC SAYS GIVEN LARGE LEISURE MARKET OVER THE PACIFIC, EXPECTS RELATIVELY STRONG RETURN OF PASSENGER DEMAND ONCE TRAVEL RESTRICTIONS EASE.AIR CANADA EXEC SAYS CO WILL NOT PROVIDE GUIDANCE ON Q4 CASH BURN GIVEN UNCERTAINTY ON BORDER CLOSURES, 14-DAY QUARANTINE.AIR CANADA EXEC SAYS CO IS SEEING SOME SECTORS PERFORMING A BIT BETTER OUT WEST FROM A CORPORATE POINT OF VIEW.AIR CANADA EXEC SAYS CONTINUES TO OPERATE TO HONG KONG WITH RELATIVELY LOW PASSENGER DEMAND BECAUSE CARGO DEMAND IS STRONG IN THAT MARKET.AIR CANADA EXEC SAYS CUSTOMERS ARE BOOKING A LITTLE BIT CLOSER TO DEPARTURE THAN WHAT WE'VE SEEN IN THE PAST.  Full Article

Singapore Airlines Posts Q1 Loss Attributable Of S$1,123 Million
Wednesday, 29 Jul 2020 

July 29 (Reuters) - Singapore Airlines Ltd ::Q1 LOSS ATTRIBUTABLE S$1,123 MILLION.Q1 REVENUE S$851 MLN VS S$4,102.2 MLN.RECOVERY TRAJECTORY IN INTERNATIONAL AIR TRAVEL SLOWER THAN INITIALLY EXPECTED.CURRENT VIEW FOR PLANNING IS THAT BY END OF FY20/21, GROUP'S PASSENGER CAPACITY MAY REACH LESS THAN HALF OF PRE-COVID-19 LEVELS.CONTINUE TO ENGAGE WITH AIRCRAFT MANUFACTURERS TO NEGOTIATE ADJUSTMENTS TO DELIVERY STREAM OF EXISTING AIRCRAFT ORDERS.Q1 GROUP REVENUE DECLINED 79.3% TO S$851 MILLION.GLOBAL AIRFREIGHT CAPACITY IS ANTICIAPTED TO REMAIN CONSTRAINED IN NEAR TERM.INTEGRATION OF SILKAIR INTO SIA REMAINS ON TRACK.CONTNUES TO PURSUE COST MANAGEMENT MEASURES & WILL ALSO EXPLORE ADDITIONAL MEANS TO SHORE UP LIQUIDITY.REACHED AGREEMENT WITH AIRBUS ON ADJUSTMENT TO DELIVERY & SCHEDULE PROGRESS PAYMENTS, DISCUSSIONS WITH BOEING ONGOING.ARE REVIEWING THE POTENTIAL SHAPE AND SIZE OF CO'S NETWORK OVER LONGER TERM.EXPECT TO COMPLETE REVIEW OF SHAPE AND SIZE OF CO'S NETWORK BY HALF-YEAR.REVIEW OF NETWORK LIKELY TO IMPAIR CARRYING VALUE OF OLDER GENERATION AIRCRAFT, PARTICULARLY A380 WHICH WOULD ACCOUNT FOR ABOUT S$1 BILLION.  Full Article

Aerkomm Announces Subsidiary's Partnership With Airbus Interior Services
Tuesday, 28 Jul 2020 

July 28 (Reuters) - AERKOMM INC ::ANNOUNCES SUBSIDIARY'S PARTNERSHIP WITH AIRBUS INTERIOR SERVICES.ITS WHOLLY OWNED SUBSIDIARY IN MALTA ENTERS INTO AGREEMENT WITH AIRBUS INTERIOR SERVICES.NEW AGREEMENT ALSO INCLUDES AIRBUS SUPPORT FOR THE INTEGRATION OF THE AERKOMM K++ SYSTEM COMPONENTS ON THE AIRCRAFT, INCLUDING ARINC 791 STRUCTURAL REINFORCEMENTS AND RELATED ENGINEERING WORK.  Full Article

Ryanair's O'Leary says 60 million annual passenger target could fall
Monday, 27 Jul 2020 

July 27 (Reuters) - Ryanair Group Chief Executive Michael O'Leary and Chief Financial Officer Neil Sorahan, speaking in a video presentation on release of Q1 results: :RYANAIR CEO SAYS 10 MILLION CHARGE FOR FUEL MARK TO MARKET IN Q1; FURTHER EXCEPTIONAL CHARGE IN 2021 'CANNOT BE RULED OUT'.RYANAIR CEO O'LEARY SAYS DOES NOT EXPECT ANY DIMINUTION OF CASH BALANCES IN JUNE, JULY, AUGUST.RYANAIR CEO O'LEARY SAYS SEES 70% LOAD FACTOR IN JULY AND SOMETHING SIMILAR IN AUGUST.RYANAIR'S O'LEARY SAYS TARGET OF 60 MILLION PASSENGERS FOR YEAR IS TENTATIVE, COULD GO LOWER.RYANAIR'S CFO SAYS INEVITABLE WE WILL HAVE TO STIMULATE FARES OVER WINTER; SEES NO SIGN OF BUSINESS TRAVEL RECOVERY BEFORE AUTUMN.RYANAIR'S O'LEARY SAYS EXPECTS LOWER FUEL COSTS FOR NEXT 2-3 YEARS.RYANAIR'S O'LEARY SAYS TO CLOSE BASES AT FRANFURT HAHN, BERLIN TEGEL AND DUESSELDORF AT END OF SUMMER.RYANAIR'S O'LEARY SAYS INEVITABLE THERE WILL BE CLOSURES OF SOME ITALIAN REGIONAL BASES.RYANAIR'S O'LEARY SAYS REASONABLY CONFIDENT WILL BE SUCCESSFUL IN CHALLENGING STATE AID AT EU LEVEL; BUT WILL TAKE YEARS.RYANAIR'S O'LEARY: SEES 'REASONABLE PROSPECT' BOEING MAX APPROVED FOR RETURNED TO SERVICE BY SEPTEMBER.RYANAIR'S O'LEARY: GOING TO HOLD OFF ANY FURTHER AIRPLANE SALES BEYOND THE 7 (AGREED IN 2020); WANTS TO KEEP PLANES IT HAS.RYANAIR'S O'LEARY: WON'T BE ADDING ANY AIRBUS AIRCRAFT FOR FORESEEABLE FUTURE 'UNLESS THERE IS SOME SIGNIFICANT PRICING OPPORTUNITY ON THE AIRBUS SIDE'.  Full Article

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Airbus CEO warns of compulsory layoffs as airline crisis deepens

TOULOUSE, France Airbus has stepped up warnings of compulsory layoffs as air travel fails to recover as quickly as expected from the coronavirus crisis, putting itself on a potential collision course with unions and the French government.

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