Boeing, Safran Joint Venture to Start Operations

Published on : Saturday, November 10, 2018

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.

 

Source:-Boeing


(No Like Yet)

Related Posts

Tags: ,

Comments are closed.

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  rss_logo 
ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 01 WTM 2020
  • 02 WTM London 2020
  • 06 ITB Asia 2020
  • 06 SATTE-GenX-Virtual-Expo
  • 13 traveldaily20
  • 16 FHC 2020
  • 16 G&A 2020
  • 16 ITB asia 2020
  • 16 TAAPE 2020
  • 17 GWS-2020
  • 23 emitt 21
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. THE ANNUAL HOTEL CONFERENCE (AHC)

      September 21 - September 22
    2. IT&CM ASIA

      September 22 - September 24
    3. KITF

      September 24 - September 26
    4. routes asia

      October 8 - October 10
    5. FOIRE DE TOURS 2020

      October 10 - October 18
Get our toolbar!
Review www.travelandtourworld.com on alexa.com