Weak dollar remains French bane
The competitiveness of the French aerospace industry continues to be battered by the historic weakness of the U.S.

The competitiveness of the French aerospace industry continues to be battered by the historic weakness of the U.S. dollar against the euro. The country’s labor laws aren’t helping matters and the industrialists are looking to France’s new government to instill a new approach to employment.

This is the diagnosis and prescription offered by Dassault Aviation chief executive Charles Edelstenne in his capacity as chairman of French aerospace industry group GIFAS on the eve of the Paris Air Show. But despite talking openly about the tough challenges facing the group’s members, he insisted that, overall, 2006 was an “outstanding year” for the country’s aerospace firms.

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