1130 GMT - Airbus's capital allocation plans are increasingly on investors' minds after French aerospace-industry supplier Safran recently said it would increase shareholder returns, Bank of America analysts write in a research note. Safran said last month that it plans to return about 70% of its cash generation to shareholders in the form of a 40% dividend payout and a 5 billion-euro share buyback from 2025 to 2028. The analysts aren't expecting a multi-year buyback program from Airbus this year. However, they estimate Airbus ended 2024 with net cash of more than 11.5 billion euros, which they say should warrant a buyback. Airbus shares trade 1.7% lower at 154.92 euros. (mauro.orru@wsj.com)
(END) Dow Jones Newswires
January 13, 2025 06:32 ET (11:32 GMT)
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