(AOF) – Latecoere informs the market of the postponement of the general meeting of shareholders scheduled for June 28, 2024. Given the still difficult operating environment, with persistent inflationary pressures, challenges arising from an aerospace supply chain difficult, and OEM (original equipment manufacturer) price negotiations in progress but which are progressing less quickly than initially expected, the company is not able to form a definitive opinion on the potential depreciation of non-cash intangible assets.
Therefore, the annual results are not yet approved by the board of directors.
Therefore, a request will be sent to the Toulouse Commercial Court to request the postponement of the general meeting scheduled for June 28, 2024. Latecoere will inform the market further as soon as there is more visibility, in particular on the negotiations current price.
AOF – LEARN MORE
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.