Weak dollar forcing some companies out of Europe
While orders notched by European aerospace OEMs and suppliers in the last year have reached record levels, the continued weakness of the U.S.
While orders notched by European aerospace OEMs and suppliers in the last year have reached record levels, the continued weakness of the U.S. dollar against the euro is eroding profits and putting increased pressure on some companies to move production outside Europe to low-cost and/or dollar-zone countries.
More than a year after Nicholas Sarkozy was elected to the French presidency little has been done to address the French aerospace industry’s problems. Charles Edelstenne, who was re-elected in July as chairman of GIFAS, the French aerospace industry association, emphasized the need for the French government to take stronger measures to boost research and development and make exports a priority.
