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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Dassault Aviation    AM   FR0000121725

DASSAULT AVIATION

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Dassault Aviation : CAAV Certifies ExecuJet MRO Services Malaysia for Vietnam-Registered Dassault Aircraft

10/16/2020 | 09:22am EST

HANOI/KUALA LUMPUR - The Civil Aviation Authority of Vietnam (CAAV) has certified ExecuJet MRO Services Malaysia to perform line and heavy maintenance on select Dassault Falcon 2000 aircraft.

The certification covers line and base maintenance up to and including C Checks - 72 months or 3,750 flight cycles - on Falcon 2000EX, Falcon 2000EX EASy and Falcon 2000LXS aircraft. The certification also covers maintenance on landing gear and batteries for these aircraft.

In addition, the CAAV has certified ExecuJet to work on Pratt & Whitney Canada PW300-series engines, including: scheduled inspection, repairs, non-routine maintenance, removal and replacement of engine accessories.

This certification means a variety of work on Vietnam-registered Dassault Falcon 2000 aircraft and their Pratt & Whitney PW300 engines can be carried out at ExecuJet's facility at Subang Airport, Kuala Lumpur. ExecuJet MRO Services is a wholly-owned subsidiary of Dassault Aviation.

'The team at ExecuJet MRO Services is demonstrating initiative and capability, in expanding their offerings for the Dassault Falcon fleet,' said Jean Kayanakis, Dassault Aviation's Senior Vice President, Worldwide Falcon Customer Service & Service Center Network. 'These developments allow us to continuously improve the Falcon customer experience in the region.'

Ivan Lim, Regional VP Asia at ExecuJet MRO Services, says: 'Vietnam is rapidly growing as a market for business aviation. There are now a small number of business aircraft based in Vietnam, which we can attribute to the country's growing economy. Vietnam is a resilient market in which GDP growth over the last two decades has averaged 5-7% per annum.'

'Vietnam's business jet market has grown in tandem with the economy, which is export-led. Many industry leaders value the convenient access to factories and markets that business jets offer,' Lim says.

He also says ExecuJet MRO Services is committed to serving the needs of business jet operators throughout the region.

Vietnamese owners and operators of Dassault Aviation business jets will benefit greatly because ExecuJet Malaysia is in close proximity to Vietnam and located centrally within the broader Asia Pacific region.

'ExecuJet MRO Services Malaysia is a Dassault Aviation-owned service centre. We have made significant investments in tooling and factory training our licensed engineers on Falcon aircraft in addition to hiring experienced engineers from Europe to complement our team,' says Lim.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2020 5 016 M 6 075 M 6 075 M
Net income 2020 248 M 301 M 301 M
Net cash 2020 3 705 M 4 488 M 4 488 M
P/E ratio 2020 34,4x
Yield 2020 1,44%
Capitalization 7 492 M 9 052 M 9 074 M
EV / Sales 2020 0,76x
EV / Sales 2021 0,63x
Nbr of Employees 12 757
Free-Float 26,9%
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 1 120,00 €
Last Close Price 901,00 €
Spread / Highest target 55,4%
Spread / Average Target 24,3%
Spread / Lowest Target -13,0%
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Managers
NameTitle
Éric Trappier Chairman & Chief Executive Officer
Loïk Segalen Chief Operating Officer
Denis Dassé Chief Financial Officer
Jean Sass EVP-Information Technology & Chief Digital Officer
Henri Proglio Independent Non-Executive Director
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