Safran SA

General Electric and France's Safran has unveiled plans to test-build an open-bladed jet engine able to reduce fuel use and emissions by 20% as they prolonged their historic CFM International joint venture by a decade to 2050.

General Electric and France's Safran on Monday set out plans to develop a new jet engine able to reduce fuel consumption and emissions by 20% as they announced a 10-year extension to their CFM International joint-venture to 2050.

French aero engine and equipment maker Safran reported on Friday a 38% drop in first-quarter revenues but maintained full-year forecasts as airlines face a bumpy recovery from the coronavirus pandemic.

France's Safran predicted a gradual recovery from the aviation industry's worst crisis, after seeing demand for its jet engines and other equipment drop sharply last year.

France's Safran predicted a gradual recovery from the aviation industry's worst crisis, after seeing demand for its jet engines and services drop sharply last year.

Airbus, Safran and aerospace-focused fund Ace Aero Partenaires have submitted a non-binding offer for Aubert & Duval (A&D), the superalloys supplier owned by mining group Eramet, two people familiar with the matter said.

Airbus, Safran and aerospace-focused fund Ace Aero Partenaires have submitted a non-binding offer for superalloys supplier Aubert & Duval (A&D), part of French mining company Eramet, French website Latribune.fr said on Friday.

Sales at Safran <SAF.PA> fell 44.5% in the third quarter to 3.382 billion euros ($4 billion) from a year ago but steadied compared to the previous quarter, prompting the French aerospace group to reaffirm full-year forecasts despite new coronavirus lockdowns.

Safran's core profit tumbled in the first half of the year, but the drop was not as bad as expected as the jet engine maker went into the coronavirus crisis propelled by the momentum from a strong first quarter.

TARMAC Aerosave, a unit of French industrial groups Airbus <AIR.PA>, Safran <SAF.PA> and SUEZ <SEVI.PA>, plans a fourth aircraft storage site, after around two thirds of the global fleet was grounded at the height of the coronavirus pandemic.

Safran <SAF.PA> shares rose on Thursday after Boeing <BA.N> said it would restart production of its 737 MAX jet and announced further cost-cutting measures.

France's Safran <SAF.PA>, the world's third-largest aerospace supplier, said on Thursday it had laid off 3,000 employees in Mexico as the aerospace industry faces an unprecedented crisis stemming from the coronavirus pandemic.

France's Safran, the world's third-largest aerospace supplier, said on Thursday it had laid off 3,000 employees in Mexico as the aerospace industry faces an unprecedented crisis stemming from the coronavirus pandemic.

France's Safran <SAF.PA> reported an 8.8% drop in like-for-like first-quarter revenue to 5.38 billion euros ($5.84 billion) as the coronavirus crisis began to weigh on its aircraft engines and interiors business.

France's Safran reported an 8.8% drop in like-for-like first-quarter revenue as the coronavirus crisis began to weigh on its aircraft engines and interiors activity.

French aviation, space and defence technology firm Safran has raised a €3bn term loan from 12 banks in the wake of the coronavirus pandemic.

* Safran has adapted the Easybreath Subea snorkeling mask from sports retailer Decathlon to protect medical personnel from airborne droplets that could transmit the coronavirus, in conjunction with the engineering firm Segula Technologies and with support from the French...

France's Safran expects revenues to fall about 5% in the first quarter and has expanded cost-reduction efforts after suspending its 2020 outlook and scrapping its dividend to preserve cash, Chief Executive Philippe Petitcolin said.

French aerospace supplier and engine maker Safran withdrew its dividend and outlook and unveiled a new 3-billion-euro credit line, becoming the latest company to rein in cash due to the impact of the coronavirus crisis.