Obsidian/06.02 Investments/Airbus.md

---

Alias: ["Airbus SA", "AIR.PA"]
Tag: ["🏭", "👨🏼‍🏭", "🛩️", "💰"]
Date: 2021-08-17
DocType: "Investment"
Hierarchy: "NonRoot"
TimeStamp: 2021-08-17
location: [43.6243743,1.3855358]
Investment:
 Type: "Equity"
 Style: "Carry"
 Stage: "Mature"
 Ccy: EUR
Trading:
 PDate: 2021-02-26
 PPrice: 96.74
banner: "![[IMG_1937.jpg]]"
banner_icon: 🛩
CollapseMetaTable: true

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Parent:: [[Equity Investments|Equity Investment]]

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# Airbus

 

```ad-abstract
title: Summary
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Airplane and broader flying stock manufacturer, based in France. Operates in a bi-polar industry with high barriers to entry.
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### Investment thesis

 

Invested during COVID as airline traffic and associated activity was at its lowest to benefit from gradual normalisation of incompressible air traffic.
Underlying long-term transformation story with the requirement to produce less polluting propulsors and more energy-efficient planes, where Airbus is a leader.
Relative versus Boeing having troubles with their latest mid-range offering.

 

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### Risk profile

 

<mark class="green">Low risk</mark>
Established portfolio of products; highly subsidised; industry with high barriers to entry.

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### News & corporate activity

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#### Current pipeline

Currently, Airbus' pipeline in a nutshell:
-  <mark style="background:grey">Commercial fleet</mark>: roll out of their new mid-range plane
- <mark style="background:grey">Commercial fleet</mark>: developpment of their long-range offering

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#### Innovation

Innovation has two main pillars:
-  <mark style="background:green">ESG</mark>: Reduction of propulsor's gas emissions
-  <mark style="background:green">ESG</mark>: Fuel efficiency through propulsor & plane design

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### Further steps

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Further steps are captured in the [[Equity Tasks|Equity task list]]

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