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Avioane Craiova SA (Romania)

Main Activities: Aerospace Product and Parts Manufacturing
Full name: Avioane Craiova SA Profile Updated: February 23, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

AVIOANE CRAIOVA S.A. was established in 1972 for developing, manufacturing and providing product support of military aircraft to Romanian Air Force. The company began by co-operating with former Yugoslavia. During the 1980's, an advanced jet trainer IAR-99 was designed in co-operation with the National Institute for Aerospace, manufactured inhere. By Government Decsion 242/29.03.1991, the company was reorganized as a joint stock company in the defense industry under the name of S.C. AVIOANE CRAIOVA S.A. and it is is the sole producer of military aircraft in the local aeronautical industry.
In 2007, The Romanian Authority for State Assets Recovery (AVAS) cancelled the company’s privatization in June due to the lack of bidders. In July 2008, AVAS has selected Czech firm AERO Vodochody (world’s largest military aircraft manufacturer) out of 15 bidders to buy the state’s majority stake in aircraft maker Avioane Craiova. AERO Vodochody offered EUR 16.3 mil for an 80.98% stake from which EUR 8.9 mil represents the planned five-year investment in company development
The range in the manufacturing field covers almost all areas for classic metallic aero structures as:
• machining parts of aluminum alloys and steel, accompanied by needed plants for special processes, qualified for aviation as heat and protective surface treatments (cadmium plating, anodizing, alodine, chromium plating etc.);
• sheet metal manufacturing parts and structural assembly, with anodizing and primer coating facilities, optical transparencies manufacturing unit (for aircraft canopies);
• general assembly, final assembly, equipping and ground testing with a medium size final painting facility;
• laboratory for materials and equipment testing and a range of digital measuring machine (C.M.M.), from small to medium and large size.

Headquarters
Strada Aviatorilor Nr. 10
GHERCESTI; Dolj;

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Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
November 06, 1991
Key Executives
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Director
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Administrator
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Administrator
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Administrator
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Administrator
Ownership Details
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97.7814%
Company Performance
Financial values in the chart are available after Avioane Craiova SA report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency RON. Absolute financial data is included in the purchased report.
Net sales revenue
-9%
Total operating revenue
-13.08%
Operating profit (EBIT)
N/A
EBITDA
N/A
Net Profit (Loss) for the Period
N/A
Total assets
46.93%
Total equity
-3.56%
Operating Profit Margin (ROS)
N/A
Net Profit Margin
N/A
Return on Equity (ROE)
N/A
Quick Ratio
0.25%
Cash Ratio
0.24%

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