Aerostar Bacău (ARS), a company producing and providingmaintenance services for military and civil aircraft, is set toinvest 11m RON (2.6m euros) in an hangar to be used for aircraftmaintenance so that it can cover the orders received on thissegment, according to the company's representatives.
Aerostar will thus exceed the investment volume projected at thestart of the year, of 8.8m RON (2m euros).
Aerostar management says the civil aviation industry is thawingup, after having been seriously hurt last year.
"The civil aircraft segment is faring better than the militaryaircraft one. The crisis hurt this segment as well through acontraction in 2009 and partially in 2010, but our hopes are themarket will pick up," says Doru Damaschin, chief financial officerwith Aerostar.
Despite the significantly lower orders from the DefenceMinistry, the company has managed to seal contracts with foreignpartners and thus keep its turnover at the same level or even boostit during the crisis.
In the first six months of 2010, Aerostar saw its turnover go upby 14.6%, to 70.4m RON (16.6m euros), while its income rose duringthe same period by 44%, to 1.9m RON (around 460,000 euros).
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
