The company, which specializes in engines, cabin interiors and other aircraft equipment, released remarkable financial results, given the gloomy economic situation for the air transport industry.
Olivier Andries has to helm the super-Tier 1 manufacturer as it navigates a still-turbulent environment while longer term Safran will have to offer new concepts to decarbonize commercial aviation.
Safran’s research and technology engineers are studying ways to improve fuel efficiency by 20% for an engine that would enter into service in 2035, says CEO Philippe Petitcolin.
While powerplant suppliers Safran and MTU Aero Engines posted expected drops in aftermarket revenues for the last quarter, executives from each company highlighted several trends that support a cautiously optimistic outlook.
An intermediate engine between the current LEAP turbofan and one that would enter service in 2035 with slashed greenhouse gas emissions is not in the cards, according to Safran CEO Philippe Petitcolin.
