Aerostar reports continuing growth in commercial aircraft business and stable defense performance

Romanian aerospace company Aerostar S.A, has released its financial results for 2014 recording another successful financial year, with turnover up 23%, and net profits increased by 25%. Exports represented 70% of turnover, there was continued Investment in plant, machinery and training, with employment remaining stable at around 1900 people. Aerostar continued implementing its strategy of creating a broadly balanced aerospace and defence company with growing emphasis on the commercial aircraft business whilst remaining as a front rank supplier to the Romanian Ministry of National Defence. During 2014, turnover on civil aircraft aerostructures and aviation production rose to over 49% of turnover, and turnover on civil aircraft MRO activities also rose to just under 18%. Nearly 29% of turnover was accounted for by work on defence activities.