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News from Tuesday, 2/1/2005

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SMA in receivership
by Wilhelm Schröer

The SMA, the "Societe de Motorisations Aeronautiques" in Lognes, France, is to be liquidated.

Losses amounting to ten millions for the year 2004 are expected.

Developed costs of the SR-305 crushed SMA.

The future of the company is still unclear.



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