Safran: update on Covid-19 impact

(CercleFinance.com) - On Thursday evening Safran said that the decline in revenue over the month of April linked to the coronavirus epidemic was "around 50% on April 2019".


"In the short term, airlines on one hand and the aerospace industry on the other hand are likely to benefit from various forms of government support. Over the longer term, prospects remain good for Safran, particularly since its fleet of second-generation CFM56 engines is relatively young (approximately 57% of CFM56-5b/7b engines are less than 10 years old) and efficient in the current context," the group said, which now estimates that there will be less than 1,000 LEAP engine deliveries in 2020.

In the near term, airlines on one hand and the aerospace industry on the other hand are likely to benefit from various forms of government support.


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