SPANISH AEROSPACE group CASA shows a sharp rise in profits for 1994, helped by 20 export deliveries for its turboprop patrol and transport aircraft.
CASA ended the year showing net profits of Ptas3.4 billion ($28 million), virtually a threefold rise on its performance a year ago. The group, which is part of the state-owned Teneo holding company, was able to slim down debts by almost one-third, to the Ptas21 billion mark.
The improvement was helped by a 10% growth in export sales, which accounted for the bulk of the group's Ptas116 billion in revenues. CASA delivered six C.212s and another 14 CN-235s, which it builds in partnership with Indonesia's IPTN. Customers include Chile, Ireland, Portugal, South Korea and Turkey.
Source: Flight International
