Aviation company Aerostar recorded in the first nine months of 2024 a net profit of 58.814 million RON, slightly down by 3.7% compared to the one obtained in the same period of 2023, of 61.09 million RON, according to the unaudited results sent to the Bucharest Stock Exchange (BVB) on Friday.The company's revenues amounted to 464.9 million RON, and expenditures to 397.77 million RON. The gross profit was, in the mentioned period, 67.16 million RON.From the turnover of 419.51 million RON achieved in the first nine months of 2024, the company sold products and services on the domestic market for 79.176 million RON, and on the foreign market for 340.334 million RON, equivalent."During the reporting period, Aerostar registered an upward trend of sales on the outlet markets. The share of exports in the turnover during the reporting period is 81%", the report sent to BVB reads.Until the end of September 2024, Aerostar made and put into operation investments worth 22.168 million RON.Aerostar, a company with over 70 years of experience in the aviation and defense industry, is a significant supplier of aerostructures, components, assemblies and hydraulic systems for global manufacturing programs. The equipment, assemblies and parts produced by Aerostar are part of a large number of commercial aircraft: Airbus A320, A321, A330, A350, Boeing B737, B787, B767, Gulfstream G650, Dassault F7X, Bombardier Challenger 600 series and Global 5000/6000.The company provides products and services in Europe, Asia, Africa, USA and Canada. In Europe it provides maintenance services for civil aviation, aviation products (landing gear systems, mechanical parts, assemblies and subassemblies), electronic equipment and ground equipment. In Asia and Africa it provides civil aviation maintenance services and in Canada - aviation products. In Romania, it provides repair services for military aircraft and repair of electronic parts and components for military aircraft, upgrades, integrations and maintenance for military aviation systems, systems and launchers repair services.Aerostar is listed on the Bucharest Stock Exchange's Standard category. The main shareholder is IAROM, with 71.49% of the shares.
Damen Shipyards Galati in Romania launched the latest Island Class Ferry for BC Ferries on Thursday, May 22. It is the seventh Damen vessel to sail in the Canadian organization’s fleet. The vessel, a Damen RoRo 8117 E3 model, is the first in an order of four battery-equipped diesel-hybrid vessels that will bring the total […]
A foreign tourist was bitten by a bear on Tuesday, May 27, while attempting to feed the animal near a hotel in Arefu commune, Argeș County, along Romania’s scenic Transfăgărășan road. According to media reports, emergency responders from the SMURD rescue service were dispatched to the site, and authorities issued a RO-Alert warning for the […]
AnimaWings, Romania’s smart cost airline, officially marked the launch of its direct route between Bucharest and Stockholm (Arlanda) during a dedicated event hosted at the Romanian Embassy in Sweden’s capital. The celebration gathered Romanian officials, Swedish travel professionals, business representatives, and Romanian community representatives, highlighting a new chapter in strengthening air connectivity between the two […]
The investment fund GapMinder, launched to back tech companies in Romania and Eastern Europe, announced an EUR 2 million investment in Salestools AI, an artificial intelligence company that automates the B2B sales process through digital agents. The Salestools AI solution identifies potential clients and interacts with them 24/7, conducts deep research, automates outreach via LinkedIn […]
Orange Romania has launched the first 5G Standalone (5G SA) network in the Danube Delta, offering high-speed connectivity to local residents as part of the 5G Connect Danube Delta (5G-CDD) project. The rollout was marked by the activation of 5G coverage during the Ivan Patzaichin International Canoe Marathon and is part of a three-year initiative […]
The District 4 City Hall will reconstruct Bucharest's central Unirii Platform, which is in an advanced state of degradation, after now-president Nicuşor Dan approved it on his last day as general mayor. According to a press release from the District 4 City Hall, the approval allows for the regeneration of public spaces in the area, […]
