Contract signatures are restarting at AFI KLM E&M in the third quarter |
| Emilie Drab |
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05 NOV 2020 | 107 words
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Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) suffered a 47% drop in third-quarter revenue to EUR 616 million, highly impacted by the Covid-19 crisis, while operating result turned negative by EUR 46 million.
The order book lost 2.2 billion euros, being reduced to 9.3 billion euros.
On the other hand, the MRO division of the Air France-KLM group indicates that the quarter was also marked by the restart of contracts signature, contracts that will be included in its order book before year end. AFI KLM E&M is carefully managing agreements with clients on payment terms.
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Emilie Drab
Assistant editor
Civil aerospace, Air transport
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