|Over a week ago|
Air Lease announces lease placement of ten new Airbuy A321-200neo aircraft » 16:3409/0809/08/21
AL, SAVE, EADSY
Air Lease (AL) announced…
Air Lease (AL) announced long-term lease placements for ten new Airbus (EADSY) A321-200neo aircraft and sale and lease-backs of five new Airbus A320-200neo aircraft with Spirit Airlines (SAVE). The five A320neos are scheduled to deliver to Spirit Airlines in 2021 and 2022 and will be owned by one of ALC's managed aircraft ventures through funds managed by Waterfall Asset Management. The ten A321neos are scheduled to deliver to Spirit Airlines from ALC's orderbook with Airbus beginning in 2023 through 2024.
Ryanair ends MAX10 talks over price, says Boeing customers using Airbus » 08:0309/0709/07/21
RYAAY, BA, EADSY
Ryanair (RYAAY) announced…
Ryanair (RYAAY) announced yesterday that its negotiations with Boeing for a MAX10 order have ended without any agreement on pricing. Ryanair will take delivery of over 200 B737 "Gamechanger" aircraft over the next five years from 2021 to 2025. Ryanair and Boeing have been in discussions about a large follow on order for Boeing MAX10 aircraft over the past 10 months. "However, last week it became clear that the pricing gap between the partners could not be closed and accordingly, both sides have agreed to waste no more time on these negotiations," Ryanair said in a statement. Added CEO Michael O'Leary: "We are disappointed we couldn't reach agreement with Boeing on a MAX10 order. However, Boeing have a more optimistic outlook on aircraft pricing than we do, and we have a disciplined track record of not paying high prices for aircraft. We have a more than sufficient order pipeline to allow us to grow strongly over the next 5 years...We do not share Boeing's optimistic pricing outlook, although this may explain why in recent weeks other large Boeing customers such as Delta and Jet2, have been placing new orders with Airbus, rather than Boeing". Shares of Boeing are down $1.32 to $216.85 in premarket trading. Reference Link
Fly Intel: Top five weekend stock stories » 20:0009/0609/06/21
RYAAY, BA, EADSY, BMWYY, DDAIF, MRNA, BNTX, XLRN, NVTA, SRPT, CMPS, ALVR, DIS, TMHC, BDRFY
Catch up on the…
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Ryanair (RYAAY), Boeing's (BA) biggest customer outside of the U.S., said it is walking away from talks with the U.S. jet maker over a potential new order for the 737 MAX in a dispute over pricing, The Wall Street Journal's Benjamin Katz reported. Boeing has pushed to catch up with rival Airbus (EADSY) on jet orders from airlines and lessors, after falling far behind in the crucial single-aisle category, the author noted. The 737 MAX competes with Airbus's A320 in that market, and Airbus capitalized on the MAX's nearly two-year grounding to boost its market share. 2. BMW (BMWYY) expects supply chains to remain tight well into 2022, Chief Executive Oliver Zipse said on Monday, squashing hopes that a painful shortage of crucial semiconductors will end soon, according to Reuters. "I expect that the general tightness of the supply chains will continue in the next 6 to 12 months," he said at the IAA Munich car show. Meanwhile, Daimler's (DDAIF) CEO also said that soaring demand for semiconductor chips means the auto industry could struggle to source enough of them throughout next year and into 2023, though the shortage should be less severe by then, Reuters' Ilona Wissenbach and Nick Carey reported. "Several chip suppliers have been referring to structural problems with demand," Ola Kallenius told reporters during a roundtable event ahead of the Munich IAA car show. "This could influence 2022 and (the situation) may be more relaxed in 2023." 3. The market is littered with biotech stocks whose prices have fallen by more than half since the start of the year, with Moderna (MRNA) and BioNTech (BNTX) the exception in the sector, Josh Nathan-Kazis wrote in this week's edition of Barron's. There have been renewed signs in recent weeks, however, of substantial value hiding among the biotech dross, the author notes. Acceleron Pharma (XLRN), Invitae (NVTA), Sarepta Therapeutics (SRPT), Compass Pathways (CMPS) and AlloVir (ALVR) are among favorites in the depressed sector, the publication added. 4. Disney's (DIS) "Shang-Chi and the Legend of the Ten Rings" smashed the record for Labor Day openings with a four-day total of $90M. This is also the second-biggest three-day debut of the pandemic to date, behind another Marvel Studios' title: "Black Widow." "Shang-Chi" earned $75.5M for the three days and will have an exclusive 45-day theatrical release. 5. Taylor Morrison (TMHC) and Beiersdorf (BDRFY) saw positive mentions in this week's edition of Barron's.
Big Boeing customer walking away from new MAX order, WSJ reports » 16:1809/0609/06/21
RYAAY, BA, EADSY
Ryanair (RYAAY), Boeing's (BA) biggest customer outside of the U.S., said it is walking away from talks with the U.S. jet maker over a potential new order for the 737 MAX in a dispute over pricing, The Wall Street Journal's Benjamin Katz reports. Boeing has pushed to catch up with rival Airbus (EADSY) on jet orders from airlines and lessors, after falling far behind in the crucial single-aisle category, the author notes. The 737 MAX competes with Airbus's A320 in that market, and Airbus capitalized on the MAX's nearly two-year grounding to boost its market share. Reference Link
Jet2 orders 36 A321neos from Airbus » 09:4208/3108/31/21
Jet2.com (DRTGF) has…
Jet2.com (DRTGF) has placed an initial order for 36 A321neos making the airline based in Leeds, United Kingdom, a new Airbus (EADSY) customer and a new Airbus A320neo Family operator. The order reflects Jet2.com's ambitious fleet expansion and renewal plans. Engine selection will be made at a later date. The aircraft will be configured for 232 seats with an Airspace cabin featuring innovative lighting, new seating products and 60 percent larger overhead baggage bins for added personal storage. At the end of July 2021, the A320neo Family had won over 7,400 firm orders from over 120 customers worldwide. Reference Link
|Over a month ago|
Airbus sees 1,000 German jobs at risk without parts unit spinoff, Reuters says » 17:2608/0808/08/21
Airbus has warned…
Airbus has warned employees of hundreds of possible job losses at its small-parts manufacturing business in Germany if the unit is not hived off in line with a cost-cutting strategy set out in April, Reuters' Alexander Hubner reports, citing a source familiar with the matter. The group sees 1,000 of its 2,500 small-parts manufacturing jobs in Germany at risk if it continues to manufacture parts within the group rather than spinning off the activities, said the source who is familiar with plans presented to its works council and trade unions. Under the shakeup set out four months ago, Airbus's Premium Aerotec unit in Germany would be split off, with part combined with other Airbus manufacturing plants and the rest folded into a new business specializing in small mass-produced "detail" parts which could be spun off. Reference Link
Airbus price target raised to EUR 131 from EUR 122 at Deutsche Bank » 13:4008/0408/04/21
Deutsche Bank analyst…
Deutsche Bank analyst Christophe Menard raised the firm's price target on Airbus to EUR 131 from EUR 122 and keeps a Buy rating on the shares.
Airbus price target raised to EUR 160 from EUR 138 at JPMorgan » 14:3207/3007/30/21
JPMorgan analyst David…
JPMorgan analyst David Perry raised the firm's price target on Airbus to EUR 160 from EUR 138 and keeps an Overweight rating on the shares.
Airbus price target raised to EUR 137 from EUR 134 at Credit Suisse » 14:1107/3007/30/21
Credit Suisse analyst…
Credit Suisse analyst Neil Glynn raised the firm's price target on Airbus to EUR 137 from EUR 134 and keeps an Outperform rating on the shares.
Albany International upgraded to Buy from Neutral at BofA » 06:1507/3007/30/21
AIN, EADSY, BA
BofA analyst Ronald…
BofA analyst Ronald Epstein upgraded Albany International to Buy from Neutral with an unchanged price target of $105 after its Q2 earnings beat. The analyst is positive on the company's "material exposure" to the narrowbody segment and its position of a exclusive life-of-program supplier of composite fan blades, fan cases and spacers for all the variants of the CFM LEAP engine. The LEAP program should drive topline growth in the next years as production for both the A320 and 737 MAX ramp-up, Epstein tells investors in a research note.