Boeing, Safran joint venture to start operations
By Wings Staff
Boeing and Safran received regulatory approvals for a joint venture so they can begin designing, building and servicing aircraft Auxiliary Power Units (APUs) — onboard engines primarily used to start the main engines and power aircraft systems while on the ground and, if necessary, in flight.
By Wings Staff
Both companies have a 50 percent stake in the joint venture. The initial team will perform design work in San Diego, California. The name of the joint venture, as well as the location of its future headquarters, production and service facilities will be announced at a later date.
“Together, we are committed to delivering innovative, highly technological and cost-competitive solutions to global customers,” said Philippe Petitcolin, CEO of Safran. “We are confident this joint team will provide first-class products and services within the best integrated industrial organization.”
The companies named Etienne Boisseau as CEO of the joint venture. Other members of the joint venture’s leadership team include: Linda Hapgood, COO; Erin Morrissey, CFO; and Joan Inlow, CTO.
“We are open for business and excited to offer even more value to our customers throughout the lifecycle of their investment,” said Stan Deal, president and CEO of Boeing Global Services. “This joint venture strengthens Boeing’s vertical capabilities as we continue to expand our services portfolio.”
Safran currently supplies a 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 joint venture between Safran Aircraft Engines and GE). Boeing and Safran also are partners in MATIS, a joint venture in Morocco producing wiring products for airframe and engine companies.