PRZOOM - /newswire/ -
Zuhai, Guangdong, China, 2014/11/13 - The parties have committed to enter on an exclusive Joined Definition Phase. Labinal Power Systems will supply the Power Generation of the next Avic Aircraft Xi’an Commercial Aircraft company Ltd the MA700 that will be a regional jet - Labinal-Power.com. PAR: SAF | SAFRAN
Mr Wang Chengkuan, General Manager of Avic Aircraft Xi’an Commercial Aircraft company Ltd and Mr Alain Sauret, Chairman and CEO of Labinal Power Systems signed on November 12th a LOI (Letter of Intent) preparing a cooperation on the Main and Auxiliary Electrical Generation System of the next MA700. The signature took place during Zuhai Airshow in presence of Mr Chen Fusheng VP AVIC Aircraft, Mr Hou Jun, Director international Affairs and Mr Liu Kening, Safran China President, Jean-Luc Doublet Executive Vice-President of Safran China.
The parties have committed to enter on an exclusive Joined Definition Phase. Labinal Power Systems will supply the Power Generation of the next Avic Aircraft Xi’an Commercial Aircraft company Ltd the MA700 that will be a regional jet. Labinal Power Systems proposed to Avic Aircraft Xi’an Commercial Aircraft company Ltd a mature and reliable product including an oil cooling technology that ensure lower cost of maintenance and higher reliability.
“After the MA-60 we are very proud to continue our journey with AVIC on the MA-700. The link between Safran and Avic are strategic and key for our future success” says Alain Sauret, Labinal Power Systems CEO.
Labinal Power Systems (labinal-power.com) groups all of Safran’s electrical power system businesses for the aviation market, encompassing aircraft electrical systems (generation, distribution, conversion, wiring, load management, ventilation, systems integration and support services), along with engineering services for the aerospace, auto and rail sectors. With 13,800 employees in twelve different countries, Labinal Power Systems is a world leader OEM which is at the heart of the strategy and the research on the more electric aircraft.
Safran (safran-group.com) is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Group has 66,300 employees and generated sales of 14.7 billion euros• in 2013. 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 1.8 billion Euros in 2013. Safran is listed on NYSE Euronext Paris and is part of the CAC40 index.
• Sales in 2013 restated for the impacts of IFRS11 amounted to 14,4 billion euros.