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Aerostar CEO: 2009 results are a good start for 2010

Management of Aerostar Co. from Bacau (east), dealing with production and maintenance for aviation industry, said it was satisfied with the results in 2009, even though the plans were more comprehensive.

“The management plans were more comprehensive for 2009 but, under crisis conditions that marked the activity in the aviation field, as well, the registered results represent a good start for 2010, when a revival in this activity sector is expected worldwide”, company chairman and executive officer Grigore Filip told.
Aerostar Bacau Co. reported a net profit of 10.2 million lei in 2009, up 6.8 percent from 2008, according to the preliminary data published on Bucharest Stock Exchange (BVB) site.

Under conditions of the crisis marking last year numerous countries, the commercial company posted total revenues of almost 166 million lei, at a total spending of almost 153 million lei.

Amid the good results reasons, registered by Aerostar Bacau, the CEO of the company reminded reconversion based on the multi-annual programmes of an important part of the production destined to the army to civilian use, diversification of the export offer and increase of this indicator volume per total output, higher professional training and staff responsibility.

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