Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Dassault's Falcon jet deliveries sag with emerging markets

Published 01/05/2016, 03:20 AM
Updated 01/05/2016, 03:30 AM
© Reuters. A Dassault Falcon 8X jet participates in a flying display during the 51st Paris Air Show at Le Bourget airport near Paris

PARIS (Reuters) - French aerospace group Dassault Aviation said deliveries fell in 2015, as companies in crisis-hit emerging markets purchased fewer corporate jets.

Dassault delivered 55 Falcon jets last year, the company said on Tuesday, down from 66 in 2014. New orders halved to 45 planes and a further 20 were canceled by NetJets, the leasing firm owned by Berkshire Hathaway (N:BRKa).

"The economic environment especially in emerging countries strongly impacted our prospects and customers," Dassault said in a statement.

© Reuters. A Dassault Falcon 8X jet participates in a flying display during the 51st Paris Air Show at Le Bourget airport near Paris

Deliveries of Dassault's Rafale fighter jet also fell to eight planes in 2015 - five to France and three to Egypt - from the 11 French deliveries recorded in 2014. But the company took 48 new Rafale orders in the course of the year, 24 each from Egypt and Qatar.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.