Phase-out of Airbus, Boeing jets depresses plane parts maker FACC’s operating profits

AUSTRIA – Austria based plane parts maker FACC’s operating profit fell 6% in the second quarter as it produced fewer components for the Airbus A380 and Boeing 737NG jets currently being phased out. Chinese-owned FACC which makes components for wings, tail assemblies and fuselages as well as engines and cabin interiors for all major plane makers also attributed its depressed profits to the start-up costs for new cabin interiors bit. The year 2019 has So far been a slow for the commercial aerospace industry, beset by negative headlines on safety…

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