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France's Safran sees start of recovery, maintains outlook

PARIS, July 28 (Reuters) - French aerospace supplier Safran said on Wednesday it had seen the start of a recovery in the second quarter following the coronavirus crisis, but kept its outlook unchanged amid uncertainty over air traffic in the second half.

Safran, which co-produces jet engines for the Boeing 737 MAX family and competes with Pratt & Whitney to power the Airbus A320neo, said first-half recurring operating income fell 30.4% to 659 million euros on revenue down 21.6% to 6.876 billion.

Widely watched civil aftermarket revenue fell 25.5% in dollar terms, it said in a half-yearly statement. (Reporting by Tim Hepher; editing by David Evans)

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