Fokker Aerospace first-half earnings rise despite sales dip

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Fokker Aerospace's net turnover for the first half of 2010 fell to €289 million ($369 million) from €306 million in the previous year, although operational earnings grew by 11% to €39 million.

The company says its performance "continued to be strong" over the period, with its aerostructures and electrical wiring manufacturing units able to increase results on the back of their participation in successful commercial and defence aircraft programmes, as well as new contracts with Bombardier and Airbus.

"This more than compensated the pressure on revenues in the service business, where repair volumes in general are down," it says, although the company adds: "Repositioning of the Fokker fleet, as a result of some large operators renewing their fleets, develops satisfactorily but has its challenges."