France's Hollande expects aeronautic business to create 10,000 jobs this year

France's key aeronautic industry will create 10,000 jobs this year thanks to concluded lucrative contracts and expected new deals during this year's International Paris Air and Space Show, French President Francois Hollande announced on Monday.

"It is a very important sector for our country and which makes us very proud," said Hollande during a visit to the 51st International Paris Air and Space Show at le Bourget Airport in northern Paris.

"Aeronautic activity created 10,000 jobs last year and we still have the hope of creating almost as many in 2015. We' ll have many jobs (by 2017) thanks to contracts which have been concluded," he added.

In midday, Airbus won firm orders worth 15 billion U.S. dollars, while its American competitor Boeing reported 4.8-billion-dollar orders, according to local reports.

"We certainly have good news throughout the show. There are contracts which are discussed every day and, no doubt, they will conclude here," Hollande said.

According to France's top official, aeronautic business creates about 200,000 direct jobs and its sales totaled 50 billion euros (about 60 billion U.S. dollars).

Facing growing army of jobseekers and wane growth, the government is working to stimulate job creation through state subsidies and a responsibility pact based on lowering labor charges to encourage recruitment of young people.

Despite the Socialists' efforts, fresh official figures showed 26,200 more people without work entered the domestic labor market at the end of April to 3.536 million in France mainland, or 0.7 percent rise compared to March data. (1euro = 1.12 U.S. dollars) Endit