Aerospace Firm Diversifies Operations Amid Global Market Shifts
Safran and Embraer have agreed to end their aircraft interior partnership in Chihuahua, Mexico, as Safran sells its stake in EZAir subject to regulatory approvals. According to AeroTime, the facility will be wholly owned by Embraer, while non-Embraer related engineering services activities will remain with Safran. The agreement also includes aftermarket activities and engineering and manufacturing activities in Brazil. This move may signal a shift towards diversification for Safran as it exits a joint venture.