Phase-out of Airbus, Boeing jets hits FACC’s operating profit


VIENNA: Plane parts maker FACC’s operating profit fell 6% in the second quarter as it produced fewer components for the Airbus A380 and Boeing 737NG jets being phased out and start-up costs for new cabin interiors bit.

Chinese-owned FACC makes components for wings, tail assemblies and fuselages as well as engines and cabin interiors for all major planemakers.

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