Flyadeal plans to add Airbus or Boeing wide-body aircraft

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Saudi budget airline flyadeal is exploring the possibility of ordering between 10 and 20 wide-body aircraft to carry more passengers, and could make a decision by the end of the year.

The low-cost subsidiary of national carrier Saudia is in the early stages of comparing the Boeing 787 with the Airbus A330neo, Steven Greenway, the company’s CEO, told Reuters. It has not yet launched a formal competition among aircraft manufacturers, he added.

The value of such a deal could reach around $5 billion at list price, although airlines typically get deep discounts. (Reporting by Tim Hepher, Lisa Barrington; Editing by Jan Harvey)

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Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.

Period Day Week

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Airbus SE is the European No. 1 and the world No. 2 in the aeronautics, space and defense industry. Turnover by family of products and services is broken down as follows: – commercial aircraft (71.8%). The group is the world leader in aircraft with more than 100 seats; – defense and aerospace systems (17.4%): military aircraft (notably transport, maritime surveillance, anti-submarine hunting and in-flight refueling aircraft), space equipment (orbital launchers, observation satellites and communications, turboprop aircraft, etc.), defense and security systems (missile systems, electronic and telecommunications systems, etc.). Airbus SE also offers aircraft training and maintenance services; – civil and military helicopters (10.8%). The geographical distribution of turnover is as follows: Europe (39.3%), Asia-Pacific (28.6%), North America (21.1%), Middle East (6%), Latin America (2.7%) %) and others (2.3%).

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Sale
Consensus

Purchase

Average recommendation

ACCUMULATE

Last Closing Course

155.3
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Average course objective

179.9
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Gap / Average Objective

+15.84%

Consensus

Varia. Jan 1

Capi.

+11.10% 134 billion
+3.17% 112 billion
+9.26% 16.84 billion
+8.49% 16.64 billion
+64.05% 5.16 billion
+8.12% 4.21 billion
+8.66% 3.67 billion
-26.77% 3.45 billion
-34.43% 1.29 billion
+0.71% 1.07 billion

Commercial aircraft manufacturing

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