Paris 2011: French industry continues shaky recovery
The French aerospace industry is still feeling the effects of the economic crisis but its results last year point to a recovery.

The French aerospace industry is still feeling the effects of the economic crisis but its results last year point to a recovery. Announcing combined 2010 results for members of French industry association Gifas in April, association chairman Jean-Paul Herteman said the recovery for equipment manufacturers started to take shape in 2010.

Overall unconsolidated revenues for Gifas member companies climbed gently by 3.5 percent to €36.8 billion ($51 billion) in 2010. More encouragingly, over the same period, the value of new orders booked by French aerospace firms rose 27 percent to €42.9 billion ($60 billion) compared with a 23-percent decrease in 2009.