Amy Wilder is a private pilot with more than two decades of experience as a writer and editor in a career spanning journalism, marketing, and communications. 
She has worked in aviation journalism since 2023, combining a lifelong passion for flight and a love of the aviation community with a penchant for storytelling. As a licensed pilot, she brings firsthand insight to the stories she covers, lending an authentic, on-the-ground perspective to industry coverage.
She holds a Master of Arts in Eastern Classics and a Master of Arts in Liberal Arts, both from St. John&#039;s College in Santa Fe, New Mexico, along with a Bachelor of Fine Arts in Visual Culture.

Writer

Amy Wilder

Dassault Aviation’s first-half 2026 revenues rose 46% year over year, to €4.157 billion ($4.74 billion), while net orders of Falcons nearly tripled as chairman and CEO Éric Trappier cited a broad recovery in the business aviation market. This was tempered by supply chain strain and a French government tax surcharge that compressed profit margins.
Falcon net orders reached 23 in the first six months versus eight in the <a href="https://www.ainonline.com/aviation-news/aerospace/2025-07-22/defense-bolsters-dassault-trappier-decries-us-tariffs">same period last year</a>, which&nbsp;Trappier described as “a marked recovery in sales in 2026.” Dassault delivered 13 Falcons in the first half, one more than a year ago, generating revenue of €1.2 billion, up from €1.1 billion in first-half 2025. Dassault logged net orders for&nbsp;<a href="https://www.ainonline.com/aviation-news/business-aviation/2026-03-04/falcon-delivery-boost-drives-revenue-growth-dassault">31 Falcons for all of 2025</a>.
Total order intake, including defense sales, reached €2.9 billion in the first half, down from the €8.1 billion in first-half 2025 that was boosted by an Indian navy order for 26 Rafale marine combat aircraft. With no comparable defense contract booked in the first six months this year, Falcon orders dominated the order intake. The 23 Falcons ordered in the first half added €1.9 billion in backlog, 65% of the group’s first-half total, compared with eight Falcons worth €900 million last year.
Thus, Falcon backlog expanded significantly, to 83 aircraft worth €5.4 billion as of June 30, up from 73 aircraft worth €4.7 billion six months earlier, reversing the gradual backlog erosion over the past few years. Trappier attributed the order rebound in part to a lift in Asian demand. He described the U.S. market as remaining static and characterized the core Falcon customer base as primarily corporate. “The majority of our clients are companies that need to run their business efficiently,” he said.
Supply chain constraints, however, continue to weigh on delivery timelines. “Some suppliers are falling behind,” Trappier said, noting the problem extends industrywide.
Trappier also cited ongoing geopolitical uncertainty—including the war in Ukraine and continuing hostilities in the Middle East—as factors complicating business planning. On a positive note for the European business aviation sector, he said Dassault had received a positive ruling in a legal challenge to EU tax rules that, Trappier argued, had discriminated against European-manufactured business jets while leaving U.S.-built aircraft unaffected. “We won the case,” he said, adding the European Commission may appeal.
Operating income reached €330 million in the first half, with an operating margin of 7.9%, up from €180 million and 6.3% in first-half 2025. Net income rose to €496 million, but was weighed down by a €74 million French corporate tax surcharge. Trappier warned the levy was eroding Dassault’s competitiveness, noting that sustained fiscal pressure is pushing companies and suppliers toward more competitive jurisdictions in Spain, Portugal, the U.S., and elsewhere. “It mustn’t last,” he said of the surcharge.
Self-funded research and development spending declined to €131 million from €182 million in the first six months. Trappier characterized the reduction as logical, noting that the 6X program has moved past its development peak while the Falcon 10X is now past its most engineering-intensive phase following its first flight last month.
The group’s total order backlog stood at €45.4 billion at June 30, compared with €46.6 billion at December 31, 2025, reflecting the absence of a major new defense contract in the first half. The Rafale backlog accounted for 208 aircraft remaining to be delivered. Dassault also noted that France and Germany mutually agreed to halt the FCAS/NGF next-generation fighter program during the period, with discussions underway on a possible French or collaborative demonstrator.
Consolidated available cash rose to €10.1 billion at June 30 from €9.4 billion at year-end 2025, supported by advances received under Rafale export contracts, with free cash flow of €1.2 billion for the period. Full-year guidance remains unchanged at €8.5 billion in revenues, encompassing deliveries of 40 Falcons and 28 Rafales.

Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.

Dassault Aviation 1H Revenue Hits €4.2B; Falcon Bizjet Sales Recover Sharply

Trappier cites renewed Asian interest in Falcon business jet market

Dassault Aviation’s first-half revenues rose 46%, to €4.157 billion, while net orders for Falcon business jets tripled.

Dassault 1H Revenue Nears €4.2B; Falcon Sales Rebound

2024 Corporate Aviation Leadership Summit

Charles Alcock

News and developments about airplanes, helicopters and unmanned air vehicles used in all varieties of operations, including airlines, military, business, commercial, general aviation and private.

News about bills, laws, regulations and other governmental decisions affecting aviation and aerospace. Topics include FAA re-authorizations, taxes on fuel and aviation activities, environmental legislation, ICAO decisions, governmental mediation of labor conflicts and World Trade Organization disputes and decisions.

News and issues relating to the aerospace industry that are related to the science, engineering and business of flight in space involving civil, industrial and military applications, and similar topics related to flight in the atmosphere of the Earth that are not covered more directly by other AINonline subject channels. In other words, both astronautical and aeronautical subjects, except for those aeronautical topics that are specifically covered elsewhere on this website.

Essential news and analysis on the defense aerospace business. Your trusted source for new and ongoing programs and requirements in military aircraft (manned and unmanned), engines, avionics, weapons and associated systems, including ground-based air defense.

AIA chief warns budget swings still threaten suppliers

U.S. Aerospace Chases Supply-chain Stability

News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine-powered airplanes and helicopters. Subjects include aircraft, engines, maintenance, operations, personnel, acquisitions, accidents, safety, security, and training.

Transition involved nearly 100 aircraft since early 2024

Wheels Up Fleet Transition Completed Early by 5x5

Matt Thurber

News and issues concerning general aviation, specifically airplanes and helicopters powered by piston and alternative engines (i.e., non-turbine powered aircraft). Subjects include aircraft, engines, personnel, acquisitions, accidents, safety, security and training.

In this article

Dassault

More In Finance, Taxes, Insurance

U.S. Aerospace Chases Supply-chain Stability

AIA chief warns budget swings still threaten suppliers

Wheels Up Fleet Transition Completed Early by 5x5

Transition involved nearly 100 aircraft since early 2024

ForeFlight Adds Aircraft Owners to Insurance Offering

To be available starting at EAA AirVenture Oshkosh from July 20 to 26

Rocket Lab To Acquire Iridium Communications in $8B Deal

Deal is expected to close in mid-2027

Record IPO Activity Signals Strong Bizjet Outlook

Capital markets activity historically tracks bizjet delivery trends

Honeywell Aerospace Cleared for June 29 Stock Spinoff

Honeywell board approved aerospace unit’s separate Nasdaq listing

Hybrid-electric Aircraft Developer Maeve Goes Bankrupt

Dutch start-up failed to raise the €20 million it needed to continue

China's Volant Aerotech Secures Additional eVTOL Funding

New Series C investment to support 2027 certification goal

AIN Products

SUBSCRIPTIONS

RESOURCES

ABOUT AIN