The group Airbus closed 2019 with a record turnover of 70,500 million euros, 11% more than the previous year, according to the company this morning in Toulouse during the presentation of results in which the top executives of their divisions review the figures, milestones and problems faced during the previous year in the group and try to give a vision of the sector for the coming months.
Among the many data reviewed by Guillaume Faury, CEO of Airbus, highlight the net orders for commercial aircraft that increased to 768 units, a figure that is above the previous year, when the company had 747 orders. Among the most outstanding sales of last year, in which the news was the end of the A380 program is the sale of 121 long-range aircraft: 32 are of the A350 XWB and 89 A330. It has also been pointed out that 63 orders for the A220 model were received last year, the great bet of recent times for short and medium radio planes rescuing a Canadian commercial program of the Bombardier house that did not start successfully and which Airbus gave the return
Commercial aviation concentration
Precisely this morning it was announced in parallel to the presentation of results that Bombardier, the Canadian industrial giant, was definitely withdrawing from commercial aviation by selling its part of the A220 program, originally called the C series. This historic company has been disinvesting in recent times in its regional aviation divisions: the turboprops called Q series were sold to the Canadian company Viking Air for 300 million dollars, about 275 million euros, while regional jets programs type CRJ (originally Canadair Regional Jet), planes well known in the Spanish market for being the bulk of the Valencian Air Nostrum fleet, were sold for 550 million dollars, just over 505 million euros, to the Japanese Mitsubishi Heavy Industries , which also assumed a debt of 200 million dollars, above 180 million euros.
The only thing Bombardier already had in the commercial aviation sector was the A220 program that the Canadian finally abandons in exchange for 591 million dollars (543 million euros) that will be provided by the group based in Toulouse. With this operation, which concentrates even more the market of commercial aviation manufacturers, Airbus keeps 75% of this program and the Government of Quebec will hold the remaining 25% of a series of aircraft that has managed to take off in recent times in the commercial aspect and whose definitive support was given by the American Delta commissioning 75 units.
More figures for 2019
In the figures revealed today with respect to last year, an order book of 7,482 aircraft stands out and the star product of this house remains the family A320, which has been relaunched with the neo option, equipped with a new engine, quieter and with lower consumption and emissions. Proof of the success of this model is that despite producing 63 units per month, that is, more than two per day, it is being studied to improve the industrial flow by coordinating with the supply chain the possibility of continuing to increase the production of the program even for of devices more per month, something that will be studied carefully in the next two years.
The division of helicopters It lost its bellows last year, because if in 2018 it had 381 orders, last year it had 310, with the most outstanding being 25 units of the Super Puma family, 23 NH90 and 10 H160 last generation. A year and a difficult market is that of helicopters, as those responsible have acknowledged, whose products in the civil market depend heavily on operations related to gas and oil and the military and ‘parapublic’ (police, emergency services and security ), depend on many government decisions that are sometimes not as dynamic as in the case of commercial aviation.
The division of Defense and Space, in which Spain has an important weight, also depends directly on the criteria of governments of different countries. In this case, the value of the orders received by Airbus Defense and Space amounted to 8,500 million euros, driven by the service contracts surrounding the operation of the A400M transport aircraft that is assembled in Seville and also by important contracts assigned to the space systems subsidiary.
Finally, Airbus consolidated (declared) EBIT was 1,339 million euros, a figure markedly lower than 5,048 million in 2018, due to adjustments for a net total of -5,607 million resulting from adding 3,598 million euros related to penalties that have had to be paid to French, British and American authorities. Also due to the cost of 1,212 million euros related to the A400M charge, to which 221 million euros were added related to the suspension of defense export licenses to Saudi Arabia by the German Government until March 2020. A the above must be added 202 million euros related to the cost of the A380 program, 170 related to the mismatch of payments in dollars prior to delivery and the revaluation of the balance sheet, 103 million related to the restructuring plan of Premium Aerotec launched to improve its competitiveness and 101 million in other costs, such as compliance costs, partially offset by the capital gains obtained from the divestment in Alestis Aerospace and PFW Aerospace.