Both models were actually in immediate
            
            
              success with 1,226 firm orders for the A320
            
            
              
                NEO
              
            
            
              in
            
            
              2011 (against 150 orders in 2010) and more than
            
            
              1,000 commitments for Boeing’s B737
            
            
              
                Max
              
            
            
              . As far
            
            
              as Bombardier is concerned, it is continuing the
            
            
              development of the CSeries, whose commissioning is
            
            
              scheduled for 2014.
            
            
              Airbus has accelerated deliveries by pushing its monthly
            
            
              rate from 36 to 38 aircraft last August, which allowed it
            
            
              to improve the level of deliveries of its single-aisle range
            
            
              with 421 aircraft against 401 in 2010. The European
            
            
              manufacturer plans to rise to a pace of 40 aircraft
            
            
              starting February 2012, and 42 in October. Boeing,
            
            
              which delivered 372 aircraft in 2011 against 376 in
            
            
              2010, announced that it would switch from a monthly
            
            
              pace of 31.5 today to 35 early 2012.
            
            
              
                Long-hauls and jumbos gaining
              
            
            
              
                momentum
              
            
            
              In the long-haul market, Boeing has reached a record
            
            
              level of 200 net orders recorded this year for the B777.
            
            
              As for the Airbus A330, it displays 83 net orders and is
            
            
              announcing the delivery of 87 planes against 73 for the
            
            
              B777 and 20 for the B767. Finally, in the large aircraft
            
            
              market, the engine incident that took place on a Qantas
            
            
              A380 at the end of 2010 has not disrupted deliveries
            
            
              of the aircraft in 2011. The European manufacturer
            
            
              even exceeded its target, delivering 26 aircraft (against
            
            
              24 planned) against 18 in 2010. The B747-8, the new
            
            
              version of Boeing’s “best seller”, experienced more
            
            
              difficulties during its commissioning. However, the U.S.
            
            
              manufacturer successfully delivered the first copy of
            
            
              the freighter version in October. Boeing thus delivered
            
            
              nine large aircraft in three months, which is an
            
            
              I
            
            
              nitiated in March 2011, the acquisition by LISI of
            
            
              100% of the share capital of Creuzet Aéronautique
            
            
              and Indraero-Siren and of their respective
            
            
              subsidiaries Creuzet Polska, Creuset Morocco and
            
            
              Indraero Morocco, was finalized in the middle
            
            
              of the summer. The transaction, the largest ever
            
            
              conducted by the Group, allows LISI to gain a critical
            
            
              mass and increased visibility at most of its major
            
            
              aircraft manufacturer customers.
            
            
              Very high-tech parts
            
            
              It also allows the LISI AEROSPACE division to
            
            
              consolidate its expertise with the input of Creuzet’s
            
            
              lines of business in the design and manufacture of
            
            
              complex structural components, such as fuselage
            
            
              parts, and in very high-tech mechanical components
            
            
              such as leading edges for engine blades. The core
            
            
              business of Creuzet and Indraero is based on
            
            
              forming metals such as titanium, steel, stainless
            
            
              steel or aluminum to obtain complex shapes,
            
            
              whose elaboration and production require great
            
            
              technological mastery.
            
            
              Developing technological and commercial
            
            
              synergies
            
            
              The two companies partly share the same know-
            
            
              how as the one implemented by LISI, such as
            
            
              metallurgy in the broad sense, surface treatment
            
            
              or the heat treatment of metals. Finally, they share
            
            
              the same customers, which is a determining factor
            
            
              of business synergies. Based in Marmande, Lot-et-
            
            
              Garonne (France), Creuzet Aéronautique employs
            
            
              a workforce of 700 and generates annual sales of
            
            
              €60 million. Based in Argenton-sur-Creuse, Indre
            
            
              (France), Indraero-Siren employs a workforce of
            
            
              700 and generates annual sales of €50 million. The
            
            
              sites of these companies were grouped into LISI
            
            
              AEROSPACE’s Structural components arm. Since
            
            
              July 2011, this double acquisition has generated
            
            
              additional sales of €58.9 million for the Group,
            
            
              representing six months of business activity.
            
            
              The new
            
            
              generations
            
            
              of aircraft and
            
            
              engines
            
            
              , lighter
            
            
              and more fuel-
            
            
              efficient, accelerate
            
            
              the pace of the
            
            
              programs at aircraft
            
            
              manufacturers
            
            
              © Boeing