Record year for Falcon business jet orders

16th February 2007, Comments 0 comments

PARIS, Feb 15, 2007 (AFP) - French aerospace group Dassault Aviation said Thursday it had received a record 158 orders for its Falcon planes last year as it took advantage of a booming commercial jet market.

PARIS, Feb 15, 2007 (AFP) - French aerospace group Dassault Aviation said Thursday it had received a record 158 orders for its Falcon planes last year as it took advantage of a booming commercial jet market.

"Consolidated orders amount to 5.29 billion euros (6.95 billion dollars) owing particularly to the sales of 158 Falcon, which sets an historical record," the company said in an earnings statement.

In 2005 it had taken 123 orders for the jets.

Dassault Aviation said it delivered 61 business jets last year, compared to 51 the year before, and planned to deliver about 80 this year. "The market continues to be promising," said chief executive Charles Edelstenne, whose group makes 62 percent of its earnings from Falcon sales.

The Falcon 7X, the latest model in the line, is a tri-engine plane that sells for about 40 million dollars a piece and has a range of 11,000 kilometers (6,875 miles).

More than 150 units of the 7X have been ordered and will start being delivered in the second quarter of this year.

Dassault Aviation is flying high on the booming demand for buisness jets.A total of 885 business jets were delivered last year, an increase of 18 percent on 2005, according to the General Aviation Manufacturers Association.

Bombardier of Canada, the leading company in the sector, last year boosted its deliveries by 14.5 percent with a total of 213 aircraft, according to the US-based GAMA.

Airport congestion caused by tougher security measures was one of the factors in the growth of the business jet market, said a recent study by France's civil aviation authority, the DGAC.

"A favourable global economic context and new needs for mobility" were others, it said, noting that 72 percent of the market was in the United States.

Copyright AFP

Subject: French news

0 Comments To This Article