Boeing and Safran announce JV name
February 20, 2019 By Helicopters Staff
Boeing and Safran unveiled the name of their previously announced 50-50 joint venture to design, build and service Auxiliary Power Units (APUs). The new entity is called Initium Aerospace.
The companies explain initium means ‘the beginning’ or ‘to start’ from its Latin roots, noting this is what an APU is and does when it provides the power to start the main aircraft engines and systems on the ground and, if necessary, in flight.
Initium Aerospace leverages with Boeing’s customer and airplane knowledge and Safran’s experience designing and producing complex propulsion systems.
“This is an exciting milestone as we bring together the best of both companies to design and build an advanced APU that will create more lifecycle value for our customers,” said Stan Deal, president and CEO, Boeing Global Services. “This is further proof that Boeing is making strategic investments that strengthen our vertical capabilities and continue to expand our services portfolio.”
The creation of Initium Aerospace follows the regulatory and antitrust approvals the joint venture received last November, after an agreement was reached in June.
“Initium Aerospace is swiftly capitalizing on the vast expertise of both partners to provide state-of-the-art APUs and innovative solutions to customers,” said Philippe Petitcolin, CEO of Safran. “Safran is proud and totally invested in supporting Boeing’s growth and operators’ expectations. We look forward to presenting the first demonstrator engine to the market.”
The initial team consists of employees from the two parent companies and is led by Etienne Boisseau, CEO of Initium Aerospace. Initial work is being done in San Diego, California, where they are focused on the next-generation APU design as well as collaborating with teams across Boeing and Safran on engineering and production.