April 28, 2017 / 5:20 AM / 3 months ago

Zodiac Aerospace to pursue Safran tie-up, CEO offers resignation

1 Min Read

PARIS, April 28 (Reuters) - France’s Zodiac Aerospace on Friday reaffirmed plans to combine with engine maker Safran and said chief executive Olivier Zarrouati had agreed to stay on "for a while" after offering his resignation to the board.

The aircraft seats maker announced the CEO's decision as it posted a fiscal first-half current operating loss of 12 million euros, strongly impacted by its aircraft interiors business, and forecast a 200-220 million euro current operating profit for 2016/17 as a whole. (Reporting by Tim Hepher, Cyril Altmeyer, Editing by Andrew Callus)

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