Airbus Unit To Offer Product To Help Airlines With Revenue Volatility - Skytra
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January 20, 2020 - by Saikat Chatterjee for reuters.com
LONDON (Reuters) - A subsidiary of Airbus (AIR.PA), the world's largest planemaker, is preparing to launch a financial product aimed at helping its airline customers hedge against risks to revenue, officials said.
Skytra Ltd, a fully-owned subsidiary, plans to launch listed financial futures and options on exchanges this year that will represent airlines revenue and help the industry manage risks more efficiently.
Airlines typically hedge their fuel costs and foreign exchange exposures but the Skytra exchange is the first of its kind for the industry.