(AOF) – Figeac Aéro announced the winning of three new aerostructure parts markets with North American customers, which will represent at cruising speed a cumulative annual turnover of around 6 million euros, without might as well require capacity investments. These markets cover a wide range of activities such as machining, sheet metal work and surface treatment, both for small elementary parts and very large parts.
The parts are intended for different components, ranging from the wing to the nacelle, business jet programs as well as the single-aisle Airbus A220 and the A320 family.
The duration of the contracts is between three and five years. With a combined total value of almost €20 million, the first billings will take place during the 2024/25 financial year with ramp-up over the following financial year.
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The end of a duopoly?
For several decades, the American Boeing and the European Airbus have shared 99% of the world market for airliners with more than 110 seats. This market is worth more than 100 billion dollars per year. However, this duopoly appears weakened in 2022 for several reasons. First, for the first time, two medium-haul single-aisle aircraft, the C919 from China’s Comac and the MC-21 from Russia’s Irkut, are preparing to enter service. Added to this is the Boeing 737 MAX crisis. With the cessation of deliveries of this aircraft between 2019 and 2021, the production balance has been disrupted. In 2021 Boeing posted 340 deliveries, with Airbus remaining well in the lead, with 611.