Figeac Aero resumes Auvergne Aeronautics – The Echoes

at the End of suspense for the 705 group’s employees Auvergne Aeronautics. The Lyon Commercial Court has decided that the assets of the group specializing in the manufacture of metal elements (the sheet metal and boiler making), and aerostructures for the aeronautics and space industries will be taken over by Figeac Aero. In the Face of the competing offer We Are Aerospace group in toulouse has improved the social aspect of its offering, bringing it from 50 to 26 the number of job losses in the historical site of Aulnat (Puy-de-Dome), which employs 350 employees . The site of the town of Auxerre (Yonne), with 70 posts and Casablanca 310. Auvergne Aeronautics is especially leading provider of Airbus. Just like Figeac Aero for that this acquisition strengthens its presence in Morocco and enables it to include Airbus Helicopers in its portfolio of clients. Figeac Aero listed on the market Alternext has achieved a turnover of 252,3 million euros in 2015.

Lower orders

Auvergne Aerospace was taken over in 2013 by ACE Management, which has invested 8 million euros in the production tool. However, from the admission even of the direction, structural constraints remain : the margins are too low, improvement of industrial performance. In addition, the group is confronted with declining orders related to the helicopter market-dependent on the oil sector. The group, with a loss of 4 million euros for a turnover of 46 million in 2015 had been placed into receivership. The trade unions of the site of Aulnat had expressed a preference for We Aerospace, expressed doubts about ” the capacity of the industrial project of Figeac Aéro allow the maintenance of sustainable employment “.

in order To rectify the situation, Figeac Aero displays its intent to renew the management, while retaining 97 % of its employees, streamline purchases, and invest 5 million euros over three years. In a press release, the president of the region Auvergne Rhône-Alpes Laurent Wauquiez said to remain very vigilant ” in order that the offer of Figeac Aero is part of an industrial logic and sustainable in particular for the employees.