Latest news with #A320-family
Mint
5 days ago
- Business
- Mint
THIS defence stock rallies 14% to hit 52-week high, surges 56% in five sessions. Do you own?
Sika Interplant Systems share price surged as much as 13.59 per cent to hit 52-week high in Thursday's trading session to ₹ 1,347.7 apiece on Bombay Stock Exchange (BSE). Sika Interplant Systems stock rallied after the company announced on Tuesday that it had signed a major License Agreement with Goodrich Actuation Systems SAS (France) and Goodrich Actuation Systems (UK), both subsidiaries of Collins Aerospace, which is a part of RTX Corporation (previously known as Raytheon Technologies). ' We wish to inform you that SIKA Interplant Systems Limited ('SIKA') has entered into a License Agreement with Goodrich Actuation Systems SAS (France) and Goodrich Actuation Systems Limited (UK), each a part of Collins Aerospace ('Collins'),' the company said in an exchange filing. According to the filing, the agreement grants Sika the authority to carry out maintenance, repair, and overhaul (MRO) services for certain primary flight control actuation components for which Collins is the original equipment manufacturer (OEM). These components are essential parts of the Airbus A320 and A321 aircraft series, which rank among the most widely operated commercial aircraft worldwide. As per the agreement, Sika Interplant Systems has been granted a license to maintain aircraft components for planes registered in India and certain nearby countries, broadening the company's regional reach. This development represents a key strategic achievement for Sika, in line with its goal to strengthen its Maintenance, Repair, and Overhaul (MRO) capabilities to better support the aviation and aerospace industries across India and its neighboring regions. The partnership designates Sika as an authorized MRO provider for Collins Aerospace components, potentially opening doors to greater business opportunities from both commercial airlines and defense aviation operators using A320-family aircraft. Sika Interplant Systems share price has rallied over 56 per cent in past five trading sessions and over 80 per cent in over a month. The defence stock has given multibagger returns to its long-term investors by soaring over 166.37 per cent in one year. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
5 days ago
- Business
- Economic Times
Sika Interplant Systems shares soar 63% in 3 days, hit 52-week high on key licensing deal with Collins Aerospace
Live Events Sika Interplant Systems share price history (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Sika Interplant Systems rallied sharply over the past three trading sessions, climbing 63.2% to hit a new 52-week high of Rs 1,347.7 on the rally was followed by the company's announcement on Tuesday about entering into a significant License Agreement with Goodrich Actuation Systems SAS (France) and Goodrich Actuation Systems (UK), both part of Collins Aerospace , a unit of RTX Corporation (formerly Raytheon Technologies).As per the regulatory filing, the agreement authorizes Sika to undertake maintenance, repair, and overhaul (MRO) services for specific primary flight control actuation components on which Collins is the original equipment manufacturer (OEM).These components are critical installations on Airbus A320 and A321 series aircraft, one of the most widely used commercial aircraft platforms the terms of the agreement, Sika Interplant Systems is licensed to service aircraft components from aircraft registered in India and select neighbouring countries, thereby expanding the company's geographical scope of marks a significant strategic milestone for Sika, aligning with its stated objective of enhancing its MRO capabilities to support the aviation and aerospace sectors more effectively across India and the surrounding deal positions Sika as an authorized MRO service provider for Collins Aerospace components, which could potentially lead to increased business from both commercial airlines and defense aviation customers operating A320-family the past one year, the shares of Sika Interplant Systems have surged 170.80%, while the year-to-date (YTD) gain stands at 157.15%.In the last six months, the stock has increased by 157.74%, and over the past three months, it has rallied by 170%. On a one-month basis, the stock has risen by 84.54%, indicating strong and consistent upward momentum across all major time frames.
Time of India
5 days ago
- Business
- Time of India
Sika Interplant Systems shares soar 63% in 3 days, hit 52-week high on key licensing deal with Collins Aerospace
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Sika Interplant Systems share price history Shares of Sika Interplant Systems rallied sharply over the past three trading sessions, climbing 63.2% to hit a new 52-week high of Rs 1,347.7 on the rally was followed by the company's announcement on Tuesday about entering into a significant License Agreement with Goodrich Actuation Systems SAS (France) and Goodrich Actuation Systems (UK), both part of Collins Aerospace , a unit of RTX Corporation (formerly Raytheon Technologies).As per the regulatory filing, the agreement authorizes Sika to undertake maintenance, repair, and overhaul (MRO) services for specific primary flight control actuation components on which Collins is the original equipment manufacturer (OEM).These components are critical installations on Airbus A320 and A321 series aircraft, one of the most widely used commercial aircraft platforms the terms of the agreement, Sika Interplant Systems is licensed to service aircraft components from aircraft registered in India and select neighbouring countries, thereby expanding the company's geographical scope of marks a significant strategic milestone for Sika, aligning with its stated objective of enhancing its MRO capabilities to support the aviation and aerospace sectors more effectively across India and the surrounding deal positions Sika as an authorized MRO service provider for Collins Aerospace components, which could potentially lead to increased business from both commercial airlines and defense aviation customers operating A320-family the past one year, the shares of Sika Interplant Systems have surged 170.80%, while the year-to-date (YTD) gain stands at 157.15%.In the last six months, the stock has increased by 157.74%, and over the past three months, it has rallied by 170%. On a one-month basis, the stock has risen by 84.54%, indicating strong and consistent upward momentum across all major time frames.
The Star
07-05-2025
- Business
- The Star
Middle Eastern airlines are stockpiling aircraft parts to ease tariff pain
Plane maintenance is expensive so having a stockpile of aircraft parts makes good sense. — Pixabay Qatar Airways said it can withstand the shocks from higher tariffs thanks to its stockpile of aircraft spares that might otherwise be harder to source. The company has built up sufficient inventory, and while there will likely be an impact on air-freight goods stemming from higher import charges, Qatar Airways will 'absorb and adapt with any changes', chief executive officer Badr Al-Meer said in an interview in Doha, Qatar. Passenger demand is also sufficiently robust to keep ticket prices steady, he said. 'If I tell you tariffs are not impacting us, I will not be honest with you,' Al-Meer told Bloomberg TV. 'Of course, it will have an impact on our supply chain ... on our cargo operation.' The CEO's comments underpin the tough situation that airlines and planemakers face after US president Donald Trump unveiled tariffs with most of the country's trading partners. Airlines are already grappling with higher prices for spare parts and face the spectre of tariffs on new aircraft. Travel demand is meanwhile weakening in the US and elsewhere, as passengers absorb the financial hit in the form of rising consumer prices and slumping stock portfolios. Al-Meer said the airline continues to enjoy strong sales on its US routes despite the uncertainty stoked by Trump's policies, with the trend set to continue in coming months. That sentiment has been echoed by Emirates, the world's largest long-haul airline, which also said that it has not experienced a slowdown. Conversely, carriers including Virgin Atlantic Airways have said that they've noticed some drop-off on routes across the Atlantic. American Airlines recently withdrew its full-year earnings outlook, saying that unease about the economy is making it difficult to forecast how the year will play out. Al-Meer said that even if costs rise for Qatar Airways, it won't pass these on in the form of higher ticket prices to customers. The carrier already faces additional costs due to a diverse fleet that includes both Boeing and Airbus aircraft, adding complexity in areas like maintenance or training. Al-Meer hinted at a possible focus on just the Airbus A320-family aircraft for the single-aisle fleet, meaning that the Boeing 737 planes on lease would be phased out. Bloomberg reported in December that the airline was considering dropping a Boeing narrowbody order that it had placed at a time when it was stuck in a dispute with Airbus that briefly deprived it of its A320 purchase agreement. Now that the airline has mended ties with the European planemaker, it plans to focus on one type of narrowbody, and Al-Meer said 'you know where our narrowbody strategy is going' as he pointed to the existing order of almost 60 A321neos from Airbus. The carrier is also working on a large widebody purchase that it plans to announce in coming weeks, according to the CEO. The deal would further solidify the Middle East as a major source of business for the two planemakers, as airlines expand and renew their fleets and locations like how Saudi Arabia spends billions to transform into tourism destinations. Qatar Airways is now the second-largest airline in the region behind Emirates, and the company has built its long-range fleet around the Boeing 777 and 787 models, as well as the Airbus A350 and older A330 aircraft. The airline has also ordered Boeing's new 777X model, though that aircraft is long-delayed and won't enter service with Qatar before next year. Given the delay, Qatar plans to put its upgraded Q-Suite business-class suite on board its A350s rather than wait for the Boeing planes to arrive, Al-Meer said. It's a strategy also deployed by other carriers that have touched up the cabins of existing aircraft to make up for the wait for new planes. – Bloomberg
Yahoo
05-02-2025
- Business
- Yahoo
Airbus output and deliveries fell in January, industry watcher says
PARIS (Reuters) - Airbus had a relatively slow start to the year in commercial jet production and deliveries after sprinting towards the finish line in December following months of supply chain turbulence, according to data from UK-based Cirium Ascend. The European planemaker handed over around 22 aircraft in January, global head of consultancy Rob Morris told Reuters, down from 30 a year earlier. The start of the year can be fluid as analysts try to unpick which aircraft fall in which period, and some sources say the final tally can be slightly higher than observable deliveries. Airbus faced a shortage of engines in January after striking a deal with engine supplier CFM to bring forward some deliveries for December, industry executives have said. Airbus also saw a drop in the number of first flights that roughly track underlying production levels. The planemaker staged maiden flights for 38 A320-family and two A220 jets in January, down from 44 and 5 respectively a year earlier, Morris said. Airbus delivered 766 jets in 2024, close to a headline target of around 700 deliveries, which had been revised down from 800 in the middle of last year due to parts shortages. Sign in to access your portfolio
