China, not Western Markets, Helps Falcon Sales

 - July 26, 2012, 4:05 PM

Dassault received orders for 25 Falcon business jets worth €1.05 billion ($1.27 billion), during the first half of this year, CEO Charles Edelstenne said today in a press conference at the company’s headquarters near Paris. This is an improvement on the 22 Falcons ordered during the same period last year.

“The market is still convalescent overall,” a not-too-bullish Edelstenne said. The Falcon backlog continues to decrease.

“Activity is strong in China but challenges stand in the U.S. and Western Europe,” he added, acknowledging that the high number of business jets already in operation make “these two areas particularly sensitive to the pre-owned market trends.” He said demand for new Falcons in the U.S. and Western Europe remains weak.

Meanwhile, the manufacturer delivered 34 Falcons worth €1.44 billion ($1.74 billion) during the first half of this year, 15 more than in the same period last year. Dassault expects to deliver 65 Falcons this year, a tad more than last year’s 63.