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Finaero Development

On the occasion of the presentation of the first half year results of Finaero the President Mr. Christophe Cador emphasised the fact that Finaero focused over the last 18 months on the stabilization of 2 critical activities and on the preparation of the implementation of the SAP structure, which has currently been implemented within the whole group. google translate . This paves the way for expansion of the STTS Group activities by the creation of 2 new entities, STTS Cz and STTS Morocco as well as the increase in capacity of our business units  in the UK (Broughton) and China (Haikou). Furthermore AIP started new programs for both airlines as well as OEM while CIEE Interconnect will open in July a new production facility in Bangkok and is creating a new entity in China (Tianjin).

Christophe Cador was quoted saying: “The encouraging result of the first half year (€ 54 million equals +11% increase of revenue) as well as the improvement of the KPI’s allows the development of 2 major business opportunities in the coming half year”.

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