LISI GROUP - 2016 Activity report

30 I

LISI 2016 ANNUAL REPORT

MARKETS & CHALLENGES

Participating in

the development of

the aircraft of the future

he major aeronautics markets held firm in 2016.

The level of growth recorded this year by airlines

(+6.3%) exceeds the average annual increase for

the decade (+5.5%). The number of passengers

transported – 3.7 billion people – also rose to an

all-time high. According to the International Air

Transport Association (IATA), the threshold of 4 billion passengers

will be reached in 2017. While Europe and North America have

growth rates less than half those of other regions, all regions of

the globe have seen demand increase.

Increased rates for the A350

In this context, the visibility on the commercial aircraft segment

remains very good. Despite Airbus’ slight delay in the number of

aircraft delivered compared to Boeing (688 for the former, 748 for

the latter), the European group has the lead in terms of net orders

(731

versus

668), with an overall order book of 13,000 aircraft.

Demand, which is focused on single-aisle and large twin-engine

aircraft, causes increases in rates on these planes, at the

With organic growth reaching almost 6% in 2016,

LISI AEROSPACE takes advantage of the dynamism of

the major global aerospace markets. Regarding structural

components, the division continues the ramp-up of major

strategic programs launched by its customers.

LISI AEROSPACE’S STRUCTURAL

COMPONENTS ACTIVITY HAS

BEEN DRIVEN BY THE RAMP-UP

OF THE NEW PROGRAMS

expense of very large aircraft. These will continue in 2017 for LISI

AEROSPACE on single-aisle and on the A350, the initial staffing

phase of which started in 2016.

In contrast, the situation remains very depressed on other market

segments such as helicopters, regional aircraft, business aircraft

and the military. The slowdown in oil exploration, the budget

pressure by States, the dynamism of second-hand markets and

the competition with Airbus’s and Boeing’s single-aisle offer,

account for a situation that should not incur any major changes

in 2017.

LISI AEROSPACE