Safran and COMAC launch aircraft wiring joint venture
Paris Air Show, Le Bourget, June 20, 2011
Following the original Memorandum of Understanding signed on February 24, Karen Bomba
President and CEO of Labinal (Safran group) et HE Dongfeng, Vice-President of COMAC & President of SAMC, today signed the agreement officially creating the Safran / COMAC joint venture for aircraft wiring. Also attending the ceremony were Jean-Paul Herteman, Chairman and CEO of Safran and JIN Zhuanglong, President of COMAC. The new company, Shanghai SAIFEI Aviation EWIS Manufacturing Co. Ltd., is owned 51% by COMAC and 49% by Safran.
Based in Shanghai, this joint venture will specialize in the design, development, production and support of electrical wiring interconnection systems (EWIS) for the Asia-Pacific aviation market. In particular, it is in charge of the EWIS program for the COMAC C919 jetliner.
Following the selection of Safran to supply the complete propulsion system for the C919, the creation of this new joint company marks the enhanced role played by Safran in the success of this new-generation aircraft.
CFM International, a 50/50 joint company of Safran and GE, today signed a master contract with COMAC, stipulating that CFM will be the sole overseas supplier for an integrated propulsion system (engine, nacelle, thrust reverser) for the C919 program, and that the LEAP-X1C engine will be the sole Western powerplant for the new 150-passenger short-to-medium range airplane on schedule to enter service in 2016.
Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Safran group has more than 54,000 employees and generated sales of 10.8 billion euros in 2010. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of 1.2 billion euros in 2010. Safran is listed on NYSE Euronext Paris and its share is part of the CAC Large 60 index.
For more information, www.safran-group.com
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