This newsletter provides headlines, corporate appointments, key figures and business opportunities in the French aerospace sector. It is meant as a business tool between the UK industry and the aerospace team at the British Embassy in France, with the aim of channeling industry interest in pursuing new opportunities highlighted in the newsletter.
For additional information please contact:
Charly Gordon (email@example.com) – British Embassy Paris
Catherine Cestari (firstname.lastname@example.org) – British Consulate Bordeaux
FRANCE AEROSPACE SECTOR NEWS
- SAFRAN & BOEING LAUNCH JV TO PRODUCE APU
Safran Group and Boeing have agreed to jointly design, build and service Auxiliary Power Units with the launch of a joint-venture in the United States. Both companies will have a 50% stake in the venture with the deal expected to close in the second-half of 2018. Boeing and Safran are also partners in MATIS, a joint venture in Morocco that produces wiring products for airframe and engine companies. More broadly, Safran supplies a wide range of components to Boeing programmes, including as a partner to produce LEAP engines for the 737 MAX through CFM International.
- SAFRAN STICKS TO LEAP ENGINE TARGETS
Safran Group CEO Philippe Petitcolin announced that the company will be sticking to its production targets for the LEAP engine, but has refused to back requests for higher production from Airbus and Boeing until he is confident the company's own supply chain can increase output. “I want to be virtually certain about the robustness of the supply chain before committing to higher production,” Philippe Petitcolin said. CFM International, the joint venture that produces LEAP engines, has set a target of about 1,100 of the engines this year, followed by 1,800 next year and 2,000 in 2020.
- THALES EYES EXTERNAL GROWTH OPPORTUNITIES
Thales Group CEO Patrice Caine recently stressed that “Thales continues to examine opportunities for small and medium acquisitions". When asked about market consolidation and whether Thales is big enough to rival the likes of United Technologies after its planned purchase of Rockwell Collins, Patrice Caine said that he "has not really seen the notion of commercial bundling materialise. It’s not in the interest of plane makers who want to keep control of the overall architecture of their aircraft”.
- AIRBUS JOINS IMPERIAL'S INNOVATION HUB
Airbus will collocate with Imperial College at White City to engage with the University's researchers as well as the local start-up scene. Airbus Defence and Space will open a new office in Central Working White City which is equipped to provide space for more than 400 start-ups and established companies alongside Imperial’s extensive network of researchers and academics. The College’s SpaceLab gathers researchers across faculties to drive research in navigation and positioning solutions, remote sensing and space technology.
- LATECOERE OPENS ITS "FACTORY OF THE FUTURE" IN TOULOUSE
Latecoere opened its new highly automated factory in Montredon, outside Toulouse. The new 6,000 m2 facility will produce aluminium components for aircraft doors with an extra 3,000 m2 extension to be added in 2020 for surface treatment. The overall investment, worth €47m , was financed via the European Investment Bank. The group has also continued to outsource non-automatable production with a new unit in Bulgaria to support Latecoere's current production line in the Czech Republic.
- CNES LAUNCHES SPACE INVESTMENT FUND
The French space agency CNES launched CosmiCapital, an innovation fund designed to invest in space industry businesses and applications. This will be the first French investment fund dedicated to the space sector. It aims to raise as much as €100m from institutional investors to invest in European start-ups. CosmiCapital will start operating at the beginning of 2019 with teams in Paris and Toulouse.
FRANCE CORPORATE APPOINTMENTS
Airbus Group has appointed Eduardo Dominguez Puerta to manage the company’s Urban Air Mobility division. He will report to Patrick de Castelbajac, Executive Vice President Strategy and International.
Safran Group’s Board has extended Philippe Petitcolin’s mandate as Group CEO until 2020.
- SAFRAN HELICOPTER ENGINES
Safran Helicopter Engines has appointed Florent Chauvancy to EVP for OEM sales and Giuseppe Curci as EVP for finance and administration.
FRANCE BUSINESS OPPORTUNITITES
Airbus Bizlab is Airbus Group's dedicated accelerator where start-ups can benefit from technical and financial support to bring innovative products and services to market. Airbus Bizlab is looking for start-ups specialised data analytics, artificial intelligence, digital design, robotics, UAV technology, VR and augmented reality, blockchain etc. Companies can submit their project online before 24 June. Selected companies will be able to pitch their project in Toulouse on 5 September. For additional information please reach out to Catherine Cestari who will be engaging with Airbus Bizlab in Toulouse on 7 June.
The Department for International Trade team in France is engaging with French industry and trade associations ahead of the Farnborough Air Show to maximise opportunities for the UK supply chain during the event. The team is eager to leverage its local network to promote UK capabilities and foster new relationships within industry. Please reach out to Catherine Cestari or Charly Gordon for additional information.
The team in France is working closely with the Bordeaux Aquitaine Aéronautique & Spatial (BAAS) ahead of the Bordeaux MRO Show (26/27 September) to generate new opportunities for UK attendees. The team will also host a reception with local aerospace contacts in Bordeaux. Please reach out to Catherine Cestari for additional information.
The team in France is engaging with Bordeaux Technowest to explore options for UK participants at the UAV Show (10/11/12 October), the 5th edition Europe’s largest professional drone airshow and exhibition. Please reach out to Catherine Cestari for additional information