Dassault Shares Drop After 2023 Business Jet Orders Decline

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Dassault Aviation SA fell the most since May 2022 after private jet orders dried up last year and deliveries missed the planemaker’s target.

The French planemaker sold a total of 23 Falcon business jets last year, almost two-thirds lower than the 64 in 2022, it said in a statementBloomberg Terminal Friday. Deliveries in 2023 dropped to 26 business jets, missing its target of 35.

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