Zodiac Boosts Delivery Rates as Recovery Continues | Aviation International News

Zodiac Boosts Delivery Rates as Recovery Continues

Aircraft equipment maker Zodiac could take another three years to fully restore profitability.

By Guillaume Lecompte-Boinet

November 22, 2016

Aircraft equipment group Zodiac Aerospace expects to take another three years to return to “historical profitability levels” as it continues its efforts to reverse serious problems with cost overruns and delays in the delivery of seats and lavatories for program such as the new Airbus A350 widebody. Sales for the 2015/16 financial year increased by 5.6 percent, to €5.2 billion ($5.5 billion), but the French group suffered a further 14.1 percent decline in operating profits, to €269.9 million ($286 million), due to higher costs associated with its so-called Focus plan to resolve quality and delivery issues. It expects to fully implement the plan by the end of 2017.

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