LISI ANNUAL REPORT 2009
2007. The order book was maintained at a
total of 3,375 planes.
The first flight of the B787 Dreamliner, on
December 15, 2009, and its continued
development provided reassurance
regarding the North American market
and demand from the American aircraft
manufacturer. The Dreamliner program
ended the year with orders for 851 planes,
24 of which were new orders in 2009.
Like Airbus, Boeing managed its order
book cautiously, maintaining production of
B737s at 31 planes a month.
The order book for the Canadian
manufacturer Bombardier stood at US$18.1
billion at the end of October 2009, down
by 23% compared to January 2009.
However, future orders are on the way to
stabilizing.
Embraer’s growth slows
The Brazilian manufacturer delivered
244 planes in 2009 compared to 204 in
2008 and 169 in 2007, thereby maintaining
growth at a rate of 20% for the past two
years. However, it has orders for 265 planes
The sudden severe decrease in activity has obliged
LISI AEROSPACE to take measures to reduce its
workforce and to introduce periods of short-time
working. However, the division has continued its
international growth and reinforced current projects
with large clients in the aerospace sector.
US Operations: a sharp
decline in activity for all
of the first half of the year
The nature of the American market, which
consists mainly of distributors, had a
considerable impact on the group’s level
of orders with major destocking effects
in the first half of the year, and signs of
recovery in the summer which were
confirmed in the fourth quarter. Our order
book shrank by about 60% over this period,
demonstrating the market’s volatility, and
requiring extreme rigor and responsiveness
in order to adjust production capacities.
Our “Engines & Critical Parts”Business Unit
in Dorval in Canada continued its growth
of nearly 20% and diversified its activities
due to the expansion of its product range.
This manufacturing site was also one of the
rare sites to continue recruitment in order
to maintain its activity.
Maiden flight of the Boeing
B787 Dreamliner
The American group delivered 481 planes
in 2009 and took 263 new orders
compared to 630 in 2008 and 1,381 in
Adapting our production
program
and preparing
for recovery
LISI AEROSPACE
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