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Safran eyes interiors rebound after sluggish start to year

By Dominic Perry2021-04-30T16:32:00+01:00 Safran is hopeful that its interiors business is poised for recovery as the year progresses after an “extremely weak” first quarter. Divisional revenue in the first three months of 2021 fell by 54.9%, to €313 million, against €694 million in the same period a year earlier, with original equipment revenue down by 51.9%. Source: Safran But Bernard Delpit, Safran chief financial officer, told a first-quarter analysts call that the three-month period was expected to be the “the trough in terms of seat deliveries”, especially for business-class products. Airlines were not cancelling orders, he stresses, but “postponing the timing of deliveries”.

No compromises in agreement for next-generation fighter engine: Safran chief | News

By Dominic Perry2021-04-30T16:36:00+01:00 Olivier Andries, Safran chief executive, says a three-way agreement with MTU Aero Engines and ITP Aero covering the development of a next-generation military powerplant has been reached with “no compromises at all”. The pact, revealed on 29 April, details the workshare arrangement between the parties for the engine that will power the Next-Generation Fighter (NGF) to be operated from the 2040s by France, Germany and Spain. Source: BillyPix Safran will lead development of the engine that will power the NGF Safran Aircraft Engines will lead the design and integration of the propulsion system, with its EUMET joint venture with MTU as prime contractor; ITM is a “main partner” to the effort.

UPDATE 1-French group Safran maintains forecasts as quarterly sales fall 38%

UPDATE 1-French group Safran maintains forecasts as quarterly sales fall 38% Reuters 4/30/2021 PARIS, April 30 (Reuters) - French aero engine and equipment maker Safran reported on Friday a 38% drop in first-quarter revenues but maintained full-year forecasts as airlines face a bumpy recovery from the coronavirus pandemic. Chief Executive Olivier Andries said the downturn reflected continued uncertainty over the industry s worst crisis but voiced optimism about a relatively quick pickup in demand for medium-haul models that support much of Safran s business. Safran co-produces engines for the Boeing 737 MAX family and competes with Pratt & Whitney on the Airbus A320neo in the busiest segment of the jetliner market through their CFM International venture.

European aviation chiefs demand more support for green recovery

European aviation chiefs demand more support for green recovery
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