LISI ANNUAL REPORT 2009
New production record for Airbus
With 498 planes delivered in 2009, Airbus
has set a new production record, up 3%
compared to 2008, corresponding to 15
more planes delivered in the year, 10 of
which were A380s. However, the taking of
new orders has continued to stabilize with
310 new orders, compared to 777 in 2008
and 1,341 in 2007. The order book closed
with a total of 3,488 planes with a value
of US$437.1 billion Airbus continues to
move ahead of Boeing at an international
level with 54% of the market in planes
with more than 100 seats. In the military
sector, Airbus Military was created and the
first flight of the A400M took place in early
December, although negotiations are still
in progress regarding its funding by the
program’s government-clients.
Moreover, Airbus announced that it had
exceeded its objectives with €2 billion
of recurrent savings through its Power 8
program, and envisages further savings of
the order of €650 million by 2012 with its
Power 8 + program.
Careful management of the order book
and numerous reallocations of planes
enabled a production of the order of
34 A320s a month to be maintained
throughout 2009.
corresponding to approximately
US$16.6 billion, representing a significant
decrease (38%) compared to the end of
2008, when it had 426 planes on order.
The group launched a new executive
jet, the Legacy 650, last October and
began deliveries of Phenom 300s in
the last quarter of 2009. The executive
plane segment accounted for 47% of its
deliveries, confirming the group’s growth
and diversification in this segment.
Good resistance and profitability
maintained in Europe
The decrease in activity was less severe in
Europe, and it was only in the second half
of the year that the slowdown became
clearly apparent. Development works for
the A350, and the balance of business from
2008 enabled an initial amortization of
the decrease in growth; a cautious human
resources policy with temporary and fixed
term contracts, initiated in 2008, enabled
appropriate adjustment. Efforts undertaken
in the context of the Boeing qualification
process for our European factories were
successful, even if some challenges remain.
Close collaboration with Airbus enabled
the successful selection of LISI AEROPSACE
for the supply of parts for the A350
program.
OPENING OF A SITE IN INDIA
In a difficult economic climate, the
LISI AEROSPACE group continued to
develop its presence in Asian markets
with the start of a joint venture in India
in collaboration with the Patel family
group. The site began activity over the
summer and production has increased in
accordance with the business plan. This
new collaboration has been very well
received by the internal market and the
international market numerous products
that were previously imported are now
manufactured on site for Indian clients
and qualifications are in progress for
various international clients.
LISI AEROSPACE
HIGHLIGHTS
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