Boeing, Safran Joint Venture To Start Operations

Kayode Oyero News, News Updates Leave a Comment

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. Both companies have a 50 percent stake in the joint venture. 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. 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,” says Philippe Petitcolin, CEO of Safran.

“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,” says Stan Deal, President and CEO of Boeing Global Services.

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

In addition to Etienne Boisseau, others nominated to the joint venture’s leadership team are Linda Hapgood, Chief Operating Officer; Erin Morrissey, Chief Financial Officer; and 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.

Share on Social Media

Leave a Reply

Your email address will not be published. Required fields are marked *