French aerospace orders last year remained at record levels but the long-term weakness of the U.S. dollar against the euro continues to erode profit margins and increase pressure on companies to move production away from France. Last year, just ahead of the 2007 Paris Air Show, new French President Nicholas Sarkozy took office on a pledge to address issues undermining the competitiveness of French industry.
Government of Andorra
France’s beleaguered President Jacques Chirac opened the 46th Paris Air Show here at Le Bourget yesterday. While his visit is intended primarily to cheerlead the country’s own aerospace and defense industry, he has lately proved to be a best friend to foreign exhibitors, too.