Zodiac Aerospace says reducing delivery delays

Zodiac Aerospace said it has shortened average delays in aircraft seat production to days rather than months, as factory congestion which disrupted aircraft deliveries eased. The aircraft interiors and systems manufacturer said it was on track to get its seats business back to normal within 18 months and also reiterated a recently revised target of roughly stable operating profit in its current financial year. CE Olivier Zarrouati, under pressure over a series of profit warnings, said the company was coming out of a "crisis" that could not have been anticipated in a single announcement and that management could complete the recovery. Zodiac said the rebound would be driven mainly by higher volumes and, "to a lower extent", better cost control. It declined to give forecasts for 2016/17. <br/>