PARIS (Reuters) - Zodiac Aerospace aims to have its problems with delays in deliveries and the quality of products fixed in September, before the planned merger with Safran, the chairman of its executive board Yann Delabrière told Les Echos newspaper.
Zodiac’s board has accepted a 15 percent cut in a takeover offer from aero engine maker Safran to create the world’s third largest aerospace supplier, after a string of profit warnings from Zodiac.
Delabrière took over as chairman of Zodiac’s executive board in June, a fortnight after the company agreed on the deal with Safran.
“Zodiac...has very important problems with failures in operational systems that need to be solved as soon as possible,” Delabrière told Les Echos business newspaper.
Zodiac has been behind schedule in the production and supply of its products, such as aircraft seats and toilets, which disrupted some airplane deliveries.
“The first among the priorities is to solve the problems of our clients,” Delabrière told Les Echos.
It said earlier in June that efforts to resolve problems in a UK plant that had disrupted the supply of business-class seats for the Airbus A350 plane were now going according to plan.
Reporting by Maya Nikolaeva; Editing by Sudip Kar-Gupta