Figeac Aero : Feedback from conference call - Figeac reassures
>Liquidity situation now comfortable to weather the crisis… - During a conference call that we held yesterday with the CFO and HIR, the group indicated that the talks with banking institutions were being finalised with a view to obtaining a state-backed loan of just over € 80m. The emergence of this loan –which carries no covenant- helps provide visibility of over two years in our current production scenario for customers. Figeac has ended FY 2019-20 (end-March 2020) ...Figeac Aero SA, formerly Figeac Aero SARL, is a France-based company engaged in the manufacture of parts and components for aerospace industry. It offers a range of products and services such as design, manufacture and assembly of subassemblies; manufacture of structural parts, ranging from small fittings to large panels; supply of engine parts, such as vertical lathe, blades, and milling of aluminum and hard materials; and manufacture of precision parts, such as landing gear and thrust inverters. The Company's customer base includes Airbus, Embraer, ATR, Boeing, Bombardier, Eurocopter and Gulfstream, among others. It is a member of the Figeac Aero Group, comprising companies engaged in provision of aerospace-related products and services. It operates through Groupe Sonaca and PECISS, industrial technology services company based in Tunisia.
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