DOCSLIB.ORG

Information Document 2018 1.74 MB

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Information Document 2018 1.74 MB Information Document 2018 Information Document Airbus SE is a European public company (Societas Europaea), “intend”, “plan”, “project”, “predict”, “will”, “should”, “may” or with its seat in Amsterdam, The Netherlands, which is listed in other variations of such terms, or by discussion of strategy. France, Germany and Spain. These statements relate to the Company’s future prospects, developments and business strategies and are based on As a result of the relabelling to a single Airbus brand, Airbus SE analyses or forecasts of future results and estimates of amounts together with its subsidiaries is referred to as “the Company” not yet determinable. These forward-looking statements and no longer the Group. T he segment formerly known represent the view of the Company only as of the dates as “Airbus Commercial Aircraft” is referred to as “Airbus”. they are made, and the Company disclaims any obligation See “— Management’s Discussion and Analysis of Financial to update forward-looking statements, except as may be Condition and Results of Operations — 2.1.1.2 Reportable otherwise required by law. The forward-looking statements in Business Segments”. this Information Document involve known and unknown risks, uncertainties and other factors that could cause the Company’s In addition to historical information, this Information Document actual future results, performance and achievements to differ includes forward-looking statements. The forward-looking materially from those forecasted or suggested herein. These statements are generally identifi ed by the use of forward-looking include changes in general economic and business conditions, words, such as “anticipate”, “believe”, “estimate”, “expect”, as well as the factors described under “Risk Factors” below. 02 Airbus / Information Document 2018 Risk Factors 1 Information on the Company’s Activities 2 Management’s Discussion and Analysis of Financial Condition and Results of Operations 3 General Description of the Company and its Share Capital 4 Corporate Governance 5 Entity Responsible for the Information Document Airbus / Information Document 2018 03 Contents Risk Factors 07 Information Document 1. Financial Market Risks 08 2018 2. Business-Related Risks 11 3. Legal Risks 18 4. Environmental, Health and Safety Risks 20 1 Information on the Company’s Activities 23 1.1 Presentation of the Company 24 1.1.1 Overview 24 1.1.2 Airbus (Commercial Aircraft) 28 1.1.3 Helicopters 36 1.1.4 Defence and Space 39 1.1.5 Investments 45 1.1.6 Insurance 46 1.1.7 Legal and Arbitration Proceedings 46 1.1.8 Non-Financial Information 48 2 Management’s Discussion and Analysis of Financial Condition and Results of Operations 71 2.1 Operating and Financial Review 72 2.1.1 Overview 73 2.1.2 Signifi cant Accounting Considerations, Policies and Estimates 76 2.1.3 Performance Measures 77 2.1.4 Results of Operations 81 2.1.5 Changes in Total Equity (Including Non-Controlling Interests) 85 2.1.6 Liquidity and Capital Resources 86 2.1.7 Hedging Activities 89 2.2 Statutory Auditor Fees 90 2.3 Information Regarding the Statutory Auditor 90 04 Airbus / Information Document 2018 INFORMATION DOCUMENT 2018 3 4 General Description of the Company Corporate and its Share Capital 93 Governance 115 3.1 General Description of the Company 94 4.1 Management and Control 116 3.1.1 Commercial and Corporate Names, 4.1.1 Corporate Governance Arrangements 116 Seat and Registered Offi ce 94 4.1.2 Dutch Corporate Governance Code, 3.1.2 Legal Form 94 “Comply or Explain” 134 3.1.3 Governing Laws and Disclosures 94 4.1.3 Enterprise Risk Management System 135 3.1.4 Date of Incorporation and Duration of the Company 95 4.1.4 Internal Audit 137 3.1.5 Objects of the Company 96 4.2 Interests of Directors and Principal 3.1.6 Commercial and Companies Registry 96 3.1.7 Inspection of Corporate Documents 96 Executive Offi cers 138 3.1.8 Financial Year 96 4.2.1 Remuneration Policy 138 3.1.9 Allocation and Distribution of Income 96 4.2.2 Long-Term Incentives Granted to the Chief Executive Offi cer 150 3.1.10 General Meetings 97 4.2.3 Related Party Transactions 151 3.1.11 Disclosure of Holdings 98 3.1.12 Mandatory Disposal 99 4.3 Employee Profi t Sharing and Incentive Plans 151 3.1.13 Mandatory Offers 100 4.3.1 Employee Profi t Sharing and Incentive Agreements 151 4.3.2 Employee Share Ownership Plans 151 3.2 General Description of the Share Capital 101 4.3.3 Long-Term Incentive Plans 153 3.2.1 Issued Share Capital 101 3.2.2 Authorised Share Capital 101 3.2.3 Modifi cation of Share Capital or Rights Attached to the Shares 101 3.2.4 Securities Granting Access 5 to the Company’s Share Capital 102 Entity Responsible 3.2.5 Changes in the Issued Share Capital 103 for the Information Document 159 3.3 Shareholdings and Voting Rights 104 5.1 Entity Responsible 3.3.1 Shareholding Structure at the End of 2018 104 for the Information Document 160 3.3.2 Relationships with Principal Shareholders 105 3.3.3 Form of Shares 107 5.2 Statement of the Entity Responsible for the Information Document 160 3.3.4 Changes in the Shareholding of the Company 108 5.3 Information Policy 161 3.3.5 Persons Exercising Control over the Company 108 3.3.6 Simplifi ed Group Structure Chart 108 5.4 Undertakings of the Company regarding Information 161 3.3.7 Purchase by the Company of its Own Shares 110 5.5 Signifi cant Changes 161 3.4 Dividends 112 3.4.1 Dividends and Cash Distributions Paid 112 3.4.2 Dividend Policy of the Company 112 3.4.3 Unclaimed Dividends 112 3.4.4 Taxation 112 Airbus / Information Document 2018 05 Risk Factors 06 Airbus / Information Document 2018 Risk Factors 1. Financial Market Risks 08 2. Business-Related Risks 11 3. Legal Risks 18 4. Environmental, Health and Safety Risks 20 Airbus / Information Document 2018 07 Risk Factors / 1 Financial Market Risks The Company is subject to many risks and uncertainties that may affect its fi nancial performance. The business, results of operations or fi nancial condition of the Company could be materially adversely affected by the risks described below. These are not the only risks the Company faces. Additional risks and uncertainties not presently known to the Company or that it currently considers immaterial may also impair its business and operations. 1. Financial Market Risks Global Economic Concerns As a global company, the Company’s operations and performance Although the impact of these geopolitical events cannot depend signifi cantly on market and economic conditions in reasonably be assessed, the consequences could have a Europe, the US, Asia and the rest of the world. Market disruptions negative effect on the Company’s fi nancial condition and results and signifi cant economic downturns may develop quickly due to, of operations. among other things, crises affecting credit or liquidity markets, If economic conditions were to deteriorate, or if more pronounced regional or global recessions, sharp fl uctuations in commodity market disruptions were to occur, there could be a new or prices (including oil), currency exchange rates or interest rates, incremental tightening in the credit markets, low liquidity, and inflation or deflation, sovereign debt and bank debt rating extreme volatility in credit, currency, commodity and equity downgrades, restructurings or defaults, or adverse geopolitical markets. This could have a number of effects on the Company’s events (including the impact of Brexit, discussed below, US policy business, including: and elections in Europe). Any such disruption or downturn could affect the Company’s activities for short or extended periods and - requests by customers to postpone or cancel existing orders have a negative effect on the Company’s fi nancial condition and for aircraft (including helicopters) or decisions by customers to results of operations. review their order intake strategy due to, among other things, lack of adequate credit supply from the market to fi nance On 29 March 2017, the UK triggered Article 50 of the Lisbon aircraft purchases or change in operating costs or weak levels Treaty, the mechanism to leave the European Union (“Brexit”), of passenger demand for air travel and cargo activity more before having achieved a roadmap for the complex negotiations. generally; The negotiation period ends on 29 March 2019 and if no - an increase in the amount of sales fi nancing that the Company agreement is ratifi ed by this time, the UK leaves the European must provide to its customers to support aircraft purchases, Union with effect from this date and is considered as a third thereby increasing its exposure to the risk of customer defaults country without a privileged relationship with the European despite any security interests the Company might have in the Union. Although the terms of the UK’s post-Brexit relationship underlying aircraft; with the EU are still unknown, the Company, its operations and - variations in public spending for defence, homeland security supply chain may be disrupted by this uncertainty and may be and space activities; affected by potentially divergent national laws and regulations - fi nancial instability, inability to obtain credit or insolvency on the between the EU and the UK. This will in particular include but part of key suppliers and subcontractors, thereby impacting not limited to: the Company’s ability to meet its customer obligations in a - greater restrictions on the import and export of goods and satisfactory and timely manner; services between the UK and EU countries in which the - continued de-leveraging as well as mergers, rating Company operates along with increased regulatory and legal downgrades and bankruptcies of banks or other fi nancial complexities; institutions, resulting in a smaller universe of counterparties - changes in customs regime between the UK and the European and lower availability of credit, which may in turn reduce the Union, which could result in signifi cant changes at borders availability of bank guarantees needed by the Company for its and customs controls.
Load more

Recommended publications
  • Order 1 Purchase 2 Sale
    Form to be sent to: ORDER 1 BNP Paribas Securities Services AIRBUS GROUP Securities Department Les Grands Moulins de Pantin 9, rue du Débarcadère 93761 PANTIN CEDEX - FRANCE 2 PURCHASE SALE Tel. : +33 1 57 43 35 00 Fax: +33 1 57 43 01 54 Confirmation of the order dated .… / … / ……. made by phone 3 DD/MM/YYYY I the undersigned, Mr. / Mrs. / Ms. Last name First name(s) (Strike out as appropriate) (For legal persons: name of signatory) (For legal persons: first name of signatory) Company name SIREN (For legal persons) Date and place of at Phone birth (DD/MM/YYYY) (Mandatory) Account number Residing at Town Post code Country Tax address (if different only) give instructions to BNP Paribas Securities Services to transmit the following order: Stock AIRBUS GROUP ISIN Code NL0000235190 Number of shares (In words) (In figures) i1 Type of order At market price Limit order at ________________________ EUR (Specify the maximum purchase price or minimum sale price) Validity of order (maximum end of month): __________________________ Account details to be credited by wire: Name of the account holder Bank’s name Bank address Country Account currency In France: Code Banque Code Guichet Numéro de compte Clé RIB In other countries4: BIC Code IBAN ABA Code BSB Code Bank Code Branch Code Bank account For payment to an account using an IBAN / BIC code, please specify the payment currency in which the account is held: ……………………………… Documents to be supplied for a sale order 5: a Bank Account identity (RIB), Postal Account identity (RIP), Savings Account identity (RICE) or IBAN number for payment by transfer of the proceeds of the sale of shares, after deduction of brokerage fees, taxes and commissions.
    [Show full text]
  • Vodafone Automotive VTS S5 Vehicle Tracking System the Future Is Exciting
    The ultimate protection for your vehicle Vodafone Automotive VTS S5 Vehicle Tracking System The future is exciting. Ready? Welcome to Vodafone Automotive VTS S5 You’ve invested in your pride and joy. Now, you need the peace of mind knowing that it’s safe: Vodafone Automotive VTS S5 monitors your vehicle so you don’t have to. In 2019, there was theft or unauthorised taking of more than 106,000 vehicles* and the Crime Survey for England & Wales shows that 60% of stolen vehicles are never recovered**. With these trends, it’s no surprise that Insurance companies often require Thatcham approved tracking devices, to be fitted to vehicles which are worth over £50,000. Advancements in vehicle tracking technology, such as Vodafone Automotive VTS S5, is at the forefront of countering these trends. By providing industry-leading, specialist stolen vehicle tracking protection, you can rest assured that if the worst does happen, there’s unparalleled support on hand to retrieve your vehicle as quickly as possible. These systems use the latest GPS/ GPRS/GSM technology, providing pinpoint accuracy and unrivalled service levels, with recovery of vehicles via police liaison conducted in local language through Vodafone Automotive’s network of Secure Operating Centres across 54 countries globally. † We’re a trusted brand You can be assured, major global brands trust Vodafone Automotive and its products. Thatcham accredited and recognised by insurers Vodafone Automotive VTS S5 is Thatcham accredited and recognised by the majority of leading insurers. You may
    [Show full text]
  • Airbus Corporate Jets Wins First Six ACJ Twotwenty Orders
    Airbus Corporate Jets wins first six ACJ TwoTwenty orders #ACJTwoTwenty #ACJ #COMLUX Toulouse, 6 October 2020 - Airbus Corporate Jets has won its first orders for the ACJ TwoTwenty totalling six aircraft following its launch. While Comlux has revealed an order for two aircraft, four further jets were ordered by undisclosed customers. Entry into service of the first ACJ TwoTwenty by Comlux Aviation is targeted for early 2023. The new ACJ TwoTwenty will feature a high end VIP cabin interior, supported by a flexible cabin catalogue, from which Comlux has selected the business and guest lounge as well as a private entertainment space and a private suite, including a bathroom. The cabin, set to “Reimagine your place in the sky...” will be equipped with large full lie flat seats, a US-king size bed, a standing rainshower, a humidifying system for well-being on board and leading edge connectivity. “We are proud to be the launch customer of the Airbus’ newest family member, the ACJ TwoTwenty and the selected partner to outfit the cabin in our completion center in Indianapolis. We have worked jointly with ACJ and shared our long experience in operating and completing all types of aircraft, to allow the new Bizjet to offer more comfort and the latest cabin innovations available in the industry, “ said Richard Gaona, Executive Chairman & CEO Comlux. “Thanks to the unique combination of intercontinental range, comfort, extra space and second-to-none economics, we are convinced the aircraft will be a winner in the business aviation market.” “We are honoured to see our longstanding client Comlux becoming the launch customer of our new ACJ TwoTwenty as well as our cabin completion partner on the programme, “ said Benoit Defforge, President ACJ.
    [Show full text]
  • Invitation to Subscribe for Shares in Wayfinder Systems AB (Publ) Wayfinder Omslag E 13Sep.Qxd 05-09-13 16.23 Sida II
    Wayfinder_omslag_e_13sep.qxd 05-09-13 16.23 Sida I Invitation to subscribe for shares in Wayfinder Systems AB (publ) Wayfinder_omslag_e_13sep.qxd 05-09-13 16.23 Sida II Wayfinder Navigator™ turns your mobile phone into a complete navigation system. Install the software, connect to the GPS and you are ready to navigate throughout Europe and North America. Wayfinder Navigator is a network-based tool that gives you the opportunity to see maps, routes and points-of-interest wherever you are. Turn left in hundred metres Wayfinder_1-60_e_13sep.qxd 05-09-13 16.29 Sida 1 Contents Invitation to subscribe for shares in Wayfinder Systems ....................................................................................................... 3 Conditions and Offer particulars ................................................................................................................................................................. 4 Background and reasons.................................................................................................................................................................................... 6 Comments by the CEO.......................................................................................................................................................................................... 7 Wayfinder Systems in brief .............................................................................................................................................................................. 9 Financial
    [Show full text]
  • View / Download
    www.arianespace.com www.starsem.com www.avio Arianespace’s eighth launch of 2021 with the fifth Soyuz of the year will place its satellite passengers into low Earth orbit. The launcher will be carrying a total payload of approximately 5 518 kg. The launch will be performed from Baikonur, in Kazakhstan. MISSION DESCRIPTION 2 ONEWEB SATELLITES 3 Liftoff is planned on at exactly: SOYUZ LAUNCHER 4 06:23 p.m. Washington, D.C. time, 10:23 p.m. Universal time (UTC), LAUNCH CAMPAIGN 4 00:23 a.m. Paris time, FLIGHT SEQUENCES 5 01:23 a.m. Moscow time, 03:23 a.m. Baikonur Cosmodrome. STAKEHOLDERS OF A LAUNCH 6 The nominal duration of the mission (from liftoff to separation of the satellites) is: 3 hours and 45 minutes. Satellites: OneWeb satellite #255 to #288 Customer: OneWeb • Altitude at separation: 450 km Cyrielle BOUJU • Inclination: 84.7degrees [email protected] +33 (0)6 32 65 97 48 RUAG Space AB (Linköping, Sweden) is the prime contractor in charge of development and production of the dispenser system used on Flight ST34. It will carry the satellites during their flight to low Earth orbit and then release them into space. The dedicated dispenser is designed to Flight ST34, the 29th commercial mission from the Baikonur Cosmodrome in Kazakhstan performed by accommodate up to 36 spacecraft per launch, allowing Arianespace and its Starsem affiliate, will put 34 of OneWeb’s satellites bringing the total fleet to 288 satellites Arianespace to timely deliver the lion’s share of the initial into a near-polar orbit at an altitude of 450 kilometers.
    [Show full text]
  • China Fully Committed to Debt Relief Plans Of
    BUSINESS CHINA DAILY HONG KONG EDITION Friday, October 30, 2020 Airbus to China fully start A350 deliveries committed to from debt relief Tianjin By ZHU WENQIAN [email protected] European aircraft manufac- turer Airbus said on Thursday plans of G20 that it is expected to deliver widebody A350 aircraft from its completion and delivery center Measures to ease burden of poor nations in Tianjin from the first quarter of next year. and boost sustainable development An aerial view shows volunteers posing amid the decorations at the National Exhibition and Con- The Airbus Tianjin widebody vention Center in Shanghai, the venue for the 3rd CIIE. GAO ERQIANG / CHINA DAILY completion and delivery center, By CHEN JIA global fiscal stimulus packages may the company’s first widebody [email protected] have achieved $12 trillion, and the completion and delivery center average deficit ratio is projected to outside Europe, is gradually China is implementing the debt increase by 9 percentage points Livestreaming to enhance value of CIIE shifting its work, including cabin relief plans promoted by the Group from last year. installation and aircraft paint- of 20 to help ease the debt burden of G20 finance ministers and cen- ing, to A350XWB. poor countries and achieve sustain- tral bank governors agreed to By HE WEI in Shanghai taining to say,” he said. fray, amid an army of online influ- “At the beginning, the delivery able development during the novel extend the Debt Service Suspen- [email protected] Apart from introducing new encers. Spectators are also antici- rate of A350 from Tianjin won’t coronavirus epidemic, a senior gov- sion Initiative by six months at a brands and products to the Chi- pated to converse virtually with be too fast, and we plan to gradu- ernment official said.
    [Show full text]
  • Weapon System of Choice 38 New Eurofighter Typhoon Aircraft for the Luftwaffe 2021 · EUROFIGHTER WORLD 2021 · EUROFIGHTER WORLD 3
    PROGRAMME NEWS & FEATURES JANUARY 2021 Chain Reaction Pilot Brief: Interoperability Eurofighter and FCAS Weapon System of Choice 38 new Eurofighter Typhoon aircraft for the Luftwaffe 2021 · EUROFIGHTER WORLD 2021 · EUROFIGHTER WORLD 3 Contents Programme News & Features January 2021 Welcome 4 Weapon System of Choice Airbus’ Head of Combat Aircraft Systems Kurt Rossner discusses the full implications of Germany’s decision to replace its existing Tranche 1 aircraft under the Quadriga programme. Cover: © Picture: images.art.design. GmbH, 12 Chain Reaction Lucas Westphal We speak to four businesses across Europe about the importance of the Eurofighter Typhoon programme for the Looking back, 2020 was a year few of us will ever The Eurofighter programme supports over 400 business- defence industry and the enriched technology capabilities forget. Because of the impact of the Covid-19 es across Europe, sustaining more than 100,000 jobs. it has helped bring about. pandemic we all faced huge professional and personal That’s why in this edition we shine the spotlight on some Eurofighter World is published by challenges. What stood out for me was the way every- of those supply chain businesses. Eurofighter Jagdflugzeug GmbH 18 Mission Future: Eurofighter and FCAS one involved in the Eurofighter project worked closer PR & Communications In the first of series of exclusive articles our experts exam- together than ever before to deliver. Elsewhere in the magazine we examine Eurofighter’s Am Söldnermoos 17, 85399 Hallbergmoos [email protected] ine Eurofighter’s place alongside a next generation fighter place alongside a next gen- in the future operating environment. Germany’s decision to replace eration fighter in the future Editorial Team Tony Garner its existing Tranche 1 aircraft battlespace.
    [Show full text]
  • PRESS-KIT-VV19-08122021-EN.Pdf
    www.arianespace.com www.avio.com www.avio Arianespace’s seventh launch of 2021 with the second Vega of the year will place its satellite passengers into Sun-synchronous orbit. The launcher will be carrying a total payload of approximately 1 029 kg. The launch will be performed in Kourou, French Guiana. MISSION DESCRIPTION 2 PLÉIADES NEO 4 SATELLITE 3 Liftoff is planned on at exactly: FOUR AUXILIARY PAYLOADS 4 - 5 09:47 p.m. Washington, D.C. time, 10:47 p.m. Kourou time, VEGA LAUNCHER 6 01:47 a.m. Universal time (UTC), August 17, LAUNCH CAMPAIGN 7 03:47 a.m. Paris time, August 17, 10:47 a.m. Tokyo time, August 17. FLIGHT SEQUENCES 7 STAKEHOLDERS OF A LAUNCH 8 The nominal duration of the mission (from liftoff to separation of the satellites) is: 1 hour, 44 minutes and 59 seconds. Satellite: Pléiades Neo 4 Customer: Airbus Defence and Space - Intelligence Satellites: Four auxiliary payloads Cyrielle BOUJU [email protected] +33 (0)6 32 65 97 48 For Pléiades Neo For the four auxiliary payloads Francesco DE LORENZO • Perigee altitude: 614 km • Perigee altitude: 540 km [email protected] • Apogee altitude: 625 km • Apogee altitude: 554 km + 39 (0)6 97285317 • Inclination : 97.89 degrees • Inclination : 97.55 degrees First Pléiades Neo constellation satellites have been achieved within only five years, thanks to the hard work of over 500 people, across seven sites in Europe, to deliver first-class 14 km swath imagery at 30 cm native resolution, capable to daily collect up to 2 million km² and image the entire Earth landmass five times per year.
    [Show full text]
  • Business Segments Ranging from Small- Proportionate Mobile Customers Across the World
    Proportionate mobile customers across the globe. 341.1m (2009: 302.6m; 2008: 260.5m) BrandFinance global ranking 7th most valuable brand (2009: 8th; 2008: 11th) Customers and distribution Customers are at the core of everything we do. Through our products and services we endeavour to address all our customers’ communications needs. International customer base with diverse needs Enterprise Vodafone has a truly international customer base with 341.1 million Vodafone also caters to all business segments ranging from small- proportionate mobile customers across the world. We continually office-home-office (‘SoHo’) and small-medium enterprises (‘SMEs’) to seek to develop new and innovative propositions that deliver relevance corporates and multinational corporations (‘MNCs’). While our core and value to all our customers and build a long lasting relationship mobile voice and data business continues to grow, our enterprise meeting their expectations and needs. As customers move between customers are increasingly asking for combined fixed and mobile work and home environments and look for integrated solutions, solutions for their voice and data needs as well as integrated services we have a suite of propositions which often bundle together and productivity tools. voice, messaging, data and increasingly fixed line services to meet their needs. Brand We have continued to build brand value by delivering a superior, consistent and differentiated customer experience. During the 2010 financial year we evolved our brand positioning to “power to you” emphasising our role of empowering customers to be able to live their lives to the full. It is a further expression of the importance of the customer being central to everything we do and is reinforced in communications substantiating how products and services impact and empower our customers.
    [Show full text]
  • 1 Information Document for Participants
    Information Document for Participants This Information Document is supplied to you for information purposes, in addition to the information already contained in the 2020 Airbus Employee Share Ownership Plan Rules (“2020 ESOP”), and in accordance with the European Prospectus Regulation (Regulation (EU) 2017/1129). This Information Document shall not constitute a prospectus. Airbus SE (“Airbus”) relies on the exemptions provided in the above-mentioned Regulation regarding the offer of shares to its employees in the context of the 2020 ESOP, and the subsequent admission to trading of these securities. The obligation to publish a prospectus does not apply to the offer of the 2020 ESOP because of Article 1 (4) lit. i) and Article 1 (5) lit. h) of the European Prospectus Regulation 1. The issuer of the securities is Airbus SE, a European public company (Societas Europaea) existing under the laws of The Netherlands, with corporate seat in Amsterdam, The Netherlands, and reg- istered address is Mendelweg 30, 2333 CS Leiden - The Netherlands. The shares of Airbus are traded on Euronext Paris, on the ‘Regulierter Markt’ of the Frankfurt Stock Exchange and on the Madrid, Bilbao, Barcelona and Valencia Stock Exchanges under the trade name of Airbus (and ticker AIR). Additional financial information is available on: http://company.airbus.com/investors 2. The securities subject to the 2020 ESOP concern fully paid ordinary shares (“Shares”) in the capital of Airbus which ordinarily entitle the holder of the Shares to (i) vote at general meetings of share- holders and (ii) receive dividends decided upon at such general meetings of shareholders.
    [Show full text]
  • French Aeronautical Players to Fly 100% Alternative Fuel on Single-Aisle Aircraft End of 2021
    French aeronautical players to fly 100% alternative fuel on single-aisle aircraft end of 2021 Toulouse, Paris, 10 June 2021- Airbus, Safran, Dassault Aviation, ONERA and Ministry of Transport are jointly launching an in-flight study, at the end of 2021, to analyse the compatibility of unblended sustainable aviation fuel (SAF) with single-aisle aircraft and commercial aircraft engine and fuel systems, as well as with helicopter engines. This flight will be made with the support of the “Plan de relance aéronautique” (the French government‘s aviation recovery plan) managed by Jean Baptiste Djebbari, French Transport Minister. Known as VOLCAN (VOL avec Carburants Alternatifs Nouveaux), this project is the first time that in-flight emissions will be measured using 100% SAF in a single-aisle aircraft. Airbus is responsible for characterising and analysing the impact of 100% SAF on-ground and in- flight emissions using an A320neo test aircraft powered by a CFM LEAP-1A engine1. Safran will focus on compatibility studies related to the fuel system and engine adaptation for commercial and helicopter aircraft and their optimisation for various types of 100% SAF fuels. ONERA will support Airbus and Safran in analysing the compatibility of the fuel with aircraft systems and will be in charge of preparing, analysing and interpreting test results for the impact of 100% SAF on emissions and contrail formation. In addition, Dassault Aviation will contribute to the material and equipment compatibility studies and verify 100% SAF biocontamination susceptibility. The various SAFs used for the VOLCAN project will be provided by TotalEnergies. Moreover, this study will support efforts currently underway at Airbus and Safran to ensure the aviation sector is ready for the large-scale deployment and use of SAF as part of the wider initiative to decarbonise the industry.
    [Show full text]
  • Prospectus Dated 9 March 2018 SAP SE
    Prospectus dated 9 March 2018 SAP SE (a European Company (Societas Europaea, SE) established under the laws of the European Union and the Federal Republic of Germany and having its corporate seat in Walldorf, Federal Republic of Germany) (formerly SAP AG) will issue on 13 March 2018 EUR 500,000,000 Floating Rate Notes due 2021 EUR 500,000,000 1.000 per cent. Notes due 2026 EUR 500,000,000 1.375 per cent. Notes due 2030. The notes due 13 March 2021 (the "2021 Notes") bear interest on their principal amount from 13 March 2018 at a floating rate of interest payable in arrear on 13 March, 13 June, 13 September and 13 December in each year, the notes due 13 March 2026 (the "2026 Notes") bear interest on their principal amount from 13 March 2018 at a fixed rate of 1.000 per cent. per annum payable in arrear on 13 March in each year and the notes due 13 March 2030 (the "2030 Notes" and, together with the 2021 Notes and the 2026 Notes, the "Notes") bear interest on their principal amount from 13 March 2018 at a fixed rate of 1.375 per cent. per annum payable in arrear on 13 March in each year. The Notes are governed by the laws of the Federal Republic of Germany ("Germany") and will be issued in a denomination of EUR 100,000. Unless previously redeemed in accordance with the terms and conditions of the Notes ("Terms and Conditions") or repurchased and cancelled, the 2021 Notes will be redeemed at par on 13 March 2021, the 2026 Notes will be redeemed at par on 13 March 2026 and the 2030 Notes will be redeemed at par on 13 March 2030.
    [Show full text]