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Safran SA (SAF.PA)

SAF.PA on Paris Stock Exchange

107.50EUR
19 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Safran Signs Agreement To Merge With Zodiac Aerospace
Friday, 19 Oct 2018 

Oct 19 (Reuters) - SAFRAN SA ::SIGNING OF THE AGREEMENT TO MERGE ZODIAC AEROSPACE INTO SAFRAN AND SETTING OF THE EXCHANGE RATIO.MERGER WILL HAVE LIMITED DILUTIVE IMPACT AND WILL GIVE RISE TO ISSUANCE OF SAFRAN SHARES REPRESENTING ABOUT 0.79% OF SHARE CAPITAL..  Full Article

Zunum Aero And Safran Helicopter Engines To Deliver Electric Commercial Aircraft
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - Safran SA ::SA - ZUNUM AERO AND SAFRAN HELICOPTER ENGINES JOIN FORCES TO DELIVER ELECTRIC COMMERCIAL AIRCRAFT WITH UNPARALLELED EFFICIENCY.NEAR-TERM MILESTONES INCLUDE GROUND AND FLIGHT TESTING SCHEDULED FOR 2019.SAYS SAFRAN HELICOPTER ENGINES WILL PROVIDE A NEW GENERATION ENGINE TURBINE TO DRIVE ZUNUM ZA10'S ELECTRICAL GENERATOR.ZUNUM AERO, A PIONEER IN ELECTRIC AVIATION, SELECTED SAFRAN HELICOPTER ENGINES FOR ITS HYBRID-TO-ELECTRIC COMMERCIAL AIRCRAFT.COMMERCIAL AIRCRAFT, WHICH WILL BE AVAILABLE IN EARLY 2020S.  Full Article

Safran CEO aims to eliminate LEAP engine delays by end-year
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - Safran SA ::CEO SAYS CONFIRMS ZODIAC AEROSPACE SYNERGY TARGETS.CEO SAYS AIMS TO ELIMINATE LEAP ENGINE DELIVERY DELAYS BY END-YEAR.CEO SAYS ZODIAC PERFORMANCE IN LINE WITH FORECASTS, "NO GOOD OR BAD SURPRISES BUT IT REMAINS A CHALLENGE".  Full Article

Safran Says CFM International And IATA Have Signed Commercial Settlement Agreement
Tuesday, 31 Jul 2018 

July 31 (Reuters) - SAFRAN SA ::CFM INTERNATIONAL (CFM) AND INTERNATIONAL AIR TRANSPORT ASSOCIATION (IATA) HAVE SIGNED A COMMERCIAL SETTLEMENT AGREEMENT.AGREEMENT CONCERNS CFM'S MRO (MAINTENANCE, REPAIR AND OVERHAUL) POLICIES AND ACTIVITIES.  Full Article

Solvay And Safran Sign Supply Agreement For LEAP Aircraft Engine
Thursday, 19 Jul 2018 

July 19 (Reuters) - SOLVAC SA ::SOLVAY AND SAFRAN SIGN A SUPPLY AGREEMENT FOR THE LEAP AIRCRAFT ENGINE.  Full Article

Safran Launches Offering Of OCEANEs Due 21 June 2023 Of Circa 700 Million Euros
Monday, 18 Jun 2018 

June 18 (Reuters) - SAFRAN ::LAUNCHES OFFERING OF OCEANES DUE 21 JUNE 2023 OF ABOUT EUR 700 MLN.NET PROCEEDS OF OFFERING TO BE USED FOR GENERAL CORPORATE PURPOSES.BONDS TO BEAR NO INTEREST AND TO BE MARKETED WITH ISSUE PRICE RANGE OF 100% TO 104% OF PAR.NOMINAL UNIT VALUE OF THE BONDS EXPECTED TO BE SET AT PREMIUM OF BETWEEN 37.5% AND 45.0%.UNIT VALUE ABOVE REFERENCE PRICE OF SAFRAN'S ORDINARY SHARES ON EURONEXT.ISSUE DATE EXPECTED TO TAKE PLACE ON 21 JUNE 2018.BONDS WILL BE REDEEMED AT PAR ON 21 JUNE 2023.APPLICATION FOR LISTING OF BONDS ON FRANKFURT STOCK EXCHANGE TO BE MADE, EXPECTED ONE MONTH AFTER ISSUE DATE.CACEIS CORPORATE TRUST WILL BE IN CHARGE OF THE SETTLEMENT OF THE OFFERING AND AETHER FINANCIAL SERVICES WILL BE THE CALCULATION AGENT .  Full Article

Safran Chosen By Airbus Defence & Space To Provide A Software Component
Thursday, 24 May 2018 

May 24 (Reuters) - SAFRAN ::SAFRAN ENGINEERING SERVICES HAS BEEN CHOSEN BY AIRBUS DEFENCE & SPACE TO PROVIDE A SOFTWARE COMPONENT FOR EGNOS.EGNOS IS THE EUROPEAN SYSTEM RESPONSIBLE FOR IMPROVING THE PERFORMANCE OF SATELLITE GEOLOCATION.  Full Article

Zodiac Aerospace FY Sales Decline By 6.8 Percent
Tuesday, 24 Apr 2018 

April 24 (Reuters) - ZODIAC AEROSPACE SA::ZODIAC AEROSPACE : RESULTS FOR H1 2017/2018 FISCAL YEAR.2017/2018 SALES DECLINE OF -6.8% ORGANIC WITH GROWTH IN AEROSYSTEMS AND A FALL IN AIRCRAFT INTERIORS REVENUE.POSITIVE H1 2017/2018 CURRENT OPERATING INCOME OF EUR 35.3M, STILL IMPACTED BY AIRCRAFT INTERIORS.CASH GENERATION WAS EUR NEGATIVE (119)M IN H1 THOUGH IMPROVED BY EUR 77M COMPARED TO H1 2016/2017.FOR 2017/2018, ZODIAC AEROSPACE HAS HEDGED 94% OF ESTIMATED EUR/USD EXPOSURE AT 1.0986 $/EUR (SPOT RATE).FOR 2017/2018, ZODIAC AEROSPACE HAS HEDGED 54% OF USD/CAD ESTIMATED EXPOSURE.FOR 2017/2018, ZODIAC AEROSPACE HAS HEDGED 68% OF USD/GBP ESTIMATED EXPOSURE.FOR 2017/2018, ZODIAC AEROSPACE HAS HEDGED 87% OF USD/MXN AND 65% OF USD/THB EXPOSURE.AIRCRAFT INTERIORS SALES WERE DOWN -19.5% TO EUR 1,135.6M IN H1.  Full Article

Safran Signs Contract With Egyptair For Maintenance Services
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - SAFRAN ::SIGNS CONTRACT WITH EGYPTAIR FOR MAINTENANCE SERVICES ON AIRBUS A330 THRUST REVERSERS‍​.THE LONG-TERM AGREEMENT WILL BE BACKED BY SAFRAN NACELLES' GLOBAL MAINTENANCE, REPAIR AND OVERHAUL (MRO) NETWORK‍​.  Full Article

CFM And Hainan Airlines Sign $4.2 Bln MoU For Leap-1A Engines And Services
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - CFM INTERNATIONAL::HAINAN AIRLINES SIGNS WITH CFM INTERNATIONAL $4.2 BILLION MOU FOR LEAP-1A ENGINES AND SERVICES.ENGINES TO POWER 55 AIRBUS A320NEO AIRCRAFT, ALONG WITH LONG-TERM SUPPORT AGREEMENT FOR HAINAN AIRLINES HOLDING AND AFFILIATES‍​.  Full Article

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Textron, NetJets strike deal for up to 325 Cessna planes

ORLANDO, Fla. NetJets, the luxury plane unit of Warren Buffett's Berkshire Hathaway Inc , announced a deal on Monday to purchase up to 325 Cessna Citation business jets from Textron Inc's aviation unit, one of the biggest orders unveiled at a major jet show this week in Orlando, Florida.