Economy of France

May 13, 2009 - 5:34am

Looking back on European business aviation’s boom years of 2004 to 2008, new figures from the European General Aviation Manufacturers Association (EGAMA) show that during this period the value of its members’ combined deliveries climbed by 59 percent to peak at $12 billion last year. In 2008, almost 1,000 aircraft were delivered by an industry that directly supports 35,000 jobs in Europe.
  

January 28, 2009 - 7:15am

France-based Daher Group last month confirmed that French and German antitrust authorities have approved its taking over 70 percent of Socata, with EADS retaining the remaining 30-percent share. Combined, Daher and Socata have 7,500 employees and ?1 billion ($1.4 billion) revenues in aerostructures and business aircraft. Socata delivered a record 60 TBM 850 turboprops last year.

December 29, 2008 - 7:12am

Dassault Aviation late last month downgraded its 2008 delivery planning for Falcons, citing new FAA “constraints.” The manufacturer said the delivery rate increase that was expected for the fourth quarter will not be met, as some deliveries have been postponed to the first quarter.

December 1, 2008 - 6:45am

Dassault Aviation has entered “exclusive negotiations” with Alcatel-Lucent to take over its 20.8-percent stake in defense electronics specialist Thales. The buyout would boost Dassault’s stake in Thales to 26 percent and mark a strong return to defense electronics for the French airframer at a time when the economic slowdown is threatening sales of business jets.

December 1, 2008 - 5:36am

Socata–the Tarbes, France-based manufacturer of the TBM 850 turboprop single–will be majority owned by French-based aerostructure specialist Daher under an agreement reached last month with Socata parent company EADS. Daher is acquiring a 70-percent stake in Socata and has an option to buy the remaining 30 percent in three years.

November 4, 2008 - 11:20am

Socata–the Tarbes, France-based manufacturer of the TBM 850 turboprop single–will be majority owned by French-based aerostructure specialist Daher under an agreement reached yesterday with Socata parent company EADS. The transaction amount was not disclosed. Daher is acquiring a 70-percent stake in Socata and has an option to buy the remaining 30 percent in three years.

October 6, 2008 - 11:51am

Conceding that the market has suffered a “significant slowdown” in the U.S. and Europe in the past few months, Dassault chairman and CEO Charles Edelstenne, speaking at an NBAA breakfast gathering today, noted nevertheless that the order book at Dassault Falcon remains “solid, with very few cancellations.” He said that the company has sold 500 aircraft worldwide over the past three years.

October 1, 2008 - 5:35am

EADS has taken another step toward divesting itself of subsidiary Socata, the manufacturer of the TBM 850 turboprop single. France-based aerostructure specialist Daher has presented to Socata’s joint production committee plans to take over 70 percent of Socata and possibly 100 percent after three years.

October 1, 2008 - 5:33am

EADS Socata has appointed Infinity Aviation its aircraft sales representative for Russia, Ukraine and Kazakhstan. The Moscow-based company will largely be marketing Socata’s TBM 850 turboprop single.

September 18, 2008 - 12:39pm

EADS has taken another step toward divesting subsidiary Socata, the manufacturer of the TBM 850. France-based aerostructure specialist Daher has presented to Socata’s joint production committee plans to take over 70 percent of Socata and possibly 100 percent after three years. The would-be majority shareholder is committing to keep all employees at Socata’s Tarbes headquarters and main factory.

 
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