This newsletter provides headlines, corporate appointments, key figures and business opportunities in the French aerospace sector. It is meant as a business tool between the UK industry and the aerospace team at the British Embassy in France, with the aim of channeling industry interest in pursuing new opportunities highlighted in the newsletter.
FRANCE AEROSPACE SECTOR NEWS
- STRONG YEAR FOR FRENCH AEROSPACE
Eric Trappier, President of the GIFAS (French aerospace industry association) and CEO of Dassault, spoke to the press early January about the state of the French aerospace industry. Eric Trappier highlighted the strong performance of the sector in 2017 with record numbers from Airbus and ATR. Eric Trappier added that the market for civil helicopters and business jets has yet to pick up significantly, although Dassault is expecting an upturn in the latter. Dassault announced better than expected results for 2017 with 49 Falcon jets delivered and an increase in orders (41 in 2017 vs. 33 in 2016).
According to the latest figures, Airbus booked 1.109 additional aircrafts in 2017, for a total backlog of 7265 aircrafts. The order from Indigo Partners, a private equity fund in the United States, for 430 aircrafts was at the top of a flurry of orders from 44 different customers. Growth in the Chinese market has also helped Airbus steadily expand its customer base. Airbus broke its own record for deliveries with 718 aircraft delivered to 85 customers, maintaining its history of making improvements each year for the past 15 years.
ATR ended the year with a total of 113 firm orders – three times more than in 2016 – and delivered a total of 80 aircrafts in 2017. ATR’s turnover in 2017 reached 1.8 billion dollars - including 300 million for training and maintenance. Last year, 300 of ATR’s aircrafts were covered by a General Maintenance Agreement (GMA). At present, ATR has a total of 1,100 aircrafts in operation worldwide.
- AIRBUS HELICOPTER DELAYS 6X
In a briefing on its 2017 orders and deliveries, Guillaume Faury, the manufacturer's outgoing CEO, announced that no successor is currently planned for the H225 Super Puma as the company decided to postpone the X6 project for a new heavy helicopter. Airbus Helicopters cited continued market uncertainty and the inability of suppliers to deliver "disruptive technologies" at present. Airbus Helicopters delivered 409 rotorcrafts and logged gross orders for 350 helicopters in 2017. At the end of 2017, the overall backlog stood at 692 helicopters.
- A321LR COMPLETES MAIDEN FLIGHT
Airbus’ first A321LR accomplished its maiden flight powered by CFM International LEAP-1A engines. The aircraft will now undergo a comprehensive flight test programme to secure EASA and FAA Type Certification with a target to enter service at the end of 2018. The A321LR will allow airlines to perform flights of up to 4,000nm with a 20 percent reduction in fuel consumption by 2020. The A321LR's new door configuration will also enable airlines to accommodate up to 240 passengers at a time.
FRANCE CORPORATE APPOINTMENTS
Hélène Moreau-Leroy has been named Director of the Zodiac integration project, tasked with preparing the integration of Zodiac Aerospace, which will be implemented following Safran's public offering. She will report to Jean-Jacques Orsini, Safran Executive Vice President, Performance and Competitiveness.
- SAFRAN TRANSMISSION SYSTEMS
Franck Saudo who was support and services director for Safran Helicopter Engines will replace Hélène Moreau-Leroy as CEO of Safran Transmission Systems.
For additional information please contact:
Charly Gordon (firstname.lastname@example.org) – British Embassy Paris
Catherine Cestari (email@example.com) – British Consulate Bordeaux