Published On: Sun, Jul 27th, 2014

Dassault Aviation Sales Disappoint, But Its Jets May Take Off In India

004_Falcon5 Dassault Aviation

 

Dassault Aviation fell short of its sales and operating profit targets because of weaker-than-expected deliveries of its Falcon business jets and because of pressure due to its research and development spending. The French aircraft manufacturer of business, military and regional jets, founded in 1929 by Marcel Bloch as  Société des Avions Marcel Bloch, is looking for new avenues in India.

Management said that Dassault is on the brink of a deal to sell 126 of its Rafale combat jets in the very near future. This should add some good news to a report that showed a 40 percent decline in operating income for the first half of 2014 with sales plummeting 17%. However, a bright spot is that orders increased by 32% to 1.865 billion euros. While net sales of Falcon and Rafale planes may be on the decline in other markets, Dassault waits eagerly for a contract to sell its Rafale planes in India “as soon as possible.”

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Dassault Aviation Rafale combat jets

 

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