Plane parts maker FACC sees significant production restrictions until year-end

FACC AG

12/05/2020 07:01

VIENNA, May 12 (Reuters) - Plane parts maker FACC  FACC.VI 
said it expects significant demand and production restrictions
in the first half of 2020 and the full year as the coronavirus
pandemic forced plane makers to pause production to adjust to
lockdowns and cut future output due to lower demand from
airlines.
    FACC reported earnings before interest and tax (EBIT) of 13
million euros ($14.06 million) for the first quarter after
write-downs due to Airbus's  AIR.PA  production stop of the A380
led to a loss in last year's reference period. 
    The group, owned by China's Aviation Industry Corporation
(AVIC)  000768.SZ , said it was not possible to make a solid and
reliable forecast for the full year.

($1 = 0.9248 euros)

 (Reporting by Kirsti Knolle
Editing by Michelle Martin)
 ((kirsti.knolle@thomsonreuters.com; +43 1 2530 1650 13;))