50 SKY SHADES - World aviation news

Boeing, Safran Joint Venture to Start Operations

Download: Printable PDF Date: 09 Nov 2018 14:10 category:
Publisher:
Boeing, Safran Joint Venture to Start Operations - Manufacturer publisher
Tatjana Obrazcova
Aircraft: Airplanes

Boeing and Safran secure regulatory approvals to begin their joint venture for designing, building and servicing Auxiliary Power Units

Boeing and Safran have received regulatory approvals for a joint venture so they can begin designing, building and servicing aircraft Auxiliary Power Units (APUs)—onboard engines that are primarily used to start the main engines and power aircraft systems while on the ground and, if necessary, in flight. The companies also named Etienne Boisseau as Chief Executive Officer of the joint venture.

The agreement establishes a partnership between two of the world's leading aerospace companies to work together on APU products and expanded service capabilities to benefit customers and industry. Both companies have a 50 percent stake in the joint venture. The initial team will perform design work in San Diego, Calif.

"Safran is proud to launch this joint venture with Boeing in order to offer state-of-the-art APUs and enhance customer value. Together, we are committed to delivering innovative, highly technological and cost-competitive solutions to global customers. We are confident this joint team will provide first-class products and services within the best integrated industrial organization," said Philippe Petitcolin, CEO of Safran.

The joint venture combines Boeing's customer and airplane knowledge and Safran's experience designing and producing complex propulsion systems.

"We are open for business and excited to offer even more value to our customers throughout the lifecycle of their investment. This joint venture strengthens Boeing's vertical capabilities as we continue to expand our services portfolio. By making strategic investments that accelerate our growth plans, we also are providing our customers with expanded, innovative services solutions," said Stan Deal, President and CEO of Boeing Global Services.

In addition to Etienne Boisseau, others nominated to the joint venture's leadership team include:

Linda Hapgood, Chief Operating Officer

Erin Morrissey, Chief Financial Officer

Joan Inlow, Chief Technology Officer

The name of the joint venture as well as the location of the future headquarters and production and service facilities will be announced at a later date.

Safran currently supplies a wide range of components to Boeing commercial and defense programs, including as a partner to produce CFM's LEAP-1B engine for the 737 MAX (through CFM International, a 50/50 JV between Safran Aircraft Engines and GE). Boeing and Safran also are partners in MATIS, a joint venture in Morocco producing wiring products for several airframe and engine companies.



Loading comments for Boeing, Safran Joint Venture to Start Operations...


Recommended

Collins Aerospace’s SelfPass biometric solution at all Las Vegas international gates

Passengers traveling through Las Vegas’ McCarran Airport can look forward to a new streamlined journey with Collins Aerospace Systems’ SelfPass™ biometric solution. The solution, whi...

Let's celebrate the development of business aviation - MEBAA Show Morocco

Less than a week to wait for MEBAA Show Morocco! Are you ready? Check if your registration is done! It will open 25 September at Marrakech Menara Airport, bringing together the leading names o...

Direct Qatar Airways Flights to Osaka from 6 April 2020

Qatar Airways announced services to Osaka, Japan starting from 6 April 2020. The second largest metropolitan area of Japan, Osaka will be the airline’s third gateway into the country. Qatar Airw...

MEBAA Conference Morocco opens the Future of Business Aviation

Attention! Marrakech Based Event Announces Agenda! The MEBAA Conference Morocco, taking place 24 September 2019 at the Mandarin Oriental Hotel in Marrakech has announced the agenda for the one-day...