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CAPA's Annual India Aviation Outlook is keenly anticipated by the industry each year as the leading analysis of the direction of one of the world’s most important emerging markets. CAPA has a strong and established track record in accurately identifying key trends and developments in the Indian market, both on an annual and long term basis. We operate India’s leading dedicated aviation advisory and research practice offering unrivalled analysis and data across the value chain.

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Thales forecast strong 2011 result; Rolls-Royce gets Emirates engine contract

15th February, 2011

Shares in French aerospace company Thales rose 4.6% at the close of trading yesterday, with the company forecasting a swift return to profit in 2011.

The company expects to report a 2010 operating loss of around EUR100 million, following charges of more than EUR700 million from aircraft contracts and other programmes. Thales reported revenue increased 2% year-on-year to EUR13.1 billion in 2010. The company forecast an even book-to-bill ratio in 2011 and 2012.

UK-based engine manufacturer Rolls-Royce announced it has signed a USD2.2 billion service contract with Emirates covering Trent engines on 70 Airbus aircraft. The two signed a similar contract in Nov-2010 worth 1.2 billion. All of the carrier’s fleet will now be covered by the Totalcare service package. Rolls-Royce shares ended the day flat.

Selected Aerospace daily share price movements (% change): 15-Feb-2011