Romanian aerospace company Aerostar S.A, has released its financial results for 2014 recording another successful financial year, with turnover up 23%, and net profits increased by 25%. Exports represented 70% of turnover, there was continued Investment in plant, machinery and training, with employment remaining stable at around 1900 people. Aerostar continued implementing its strategy of creating a broadly balanced aerospace and defence company with growing emphasis on the commercial aircraft business whilst remaining as a front rank supplier to the Romanian Ministry of National Defence. During 2014, turnover on civil aircraft aerostructures and aviation production rose to over 49% of turnover, and turnover on civil aircraft MRO activities also rose to just under 18%. Nearly 29% of turnover was accounted for by work on defence activities.
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada