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Dassault says business jet market still weak

Published 26/07/2017, 18:04
© Reuters. French President Macron listens to Dassault Aviation CEO Trappier as Serge Dassault, Chairman and CEO of Dassault Group, looks on during a visit at the Paris Air Show in Le Bourget

PARIS (Reuters) - Dassault Aviation (PA:AVMD), the French maker of Falcon private jets and Rafale warplanes, said on Wednesday the business jet market remained weak, with high stocks of unsold aircraft hampering a tentative recovery in benchmark second-hand trading.

"The recovery is uncertain," Chief Executive Eric Trappier told a news conference.

Dassault earlier said first-half earnings rose to 2.05 billion euros from 1.662 billion in the same period last year, while new orders were basically flat at 1.381 billion euros.

Operating income dipped 2 million euros to 123 million.

Dassault Aviation reaffirmed forecasts for 45 Falcon and 9 Rafale deliveries and higher net sales in 2017.

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