French industrial giant Safran intends to pursue plans to find a partner to bolster its aircraft systems business, even though Zodiac Aerospace rebuffed a merger offer a few weeks ago. “There is a worldwide trend toward globalizing the Tier 1 supply base,” Safran Chairman/CEO Jean-Paul Herteman says. The proposed linkup with systems supplier Zodiac would be a big step toward that end, as together the two companies share the same customer base and would be able to provide 75% of the ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must be a paid subscriber to access "Big Electric System Market Potential Driving Takeover Quest".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.