Safran 2015 Profits Hurt By Silvercrest Delay

PARIS — Delays in development of Safran’s Silvercrest engine cost the company a one-time €654 million ($720 million) charge last year, helping drive operating profit for 2015 down more than 12% to €1.7 billion. However, Safran’s full-year revenue totaled €17.4 billion, up 13.4% compared to €15.3...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.