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    07.30.2014 | Download as PDF | Airbus Group and Safran to Nominate Alain Charmeau as CEO of future Joint Venture for Launcher Activities

    Amsterdam/ Paris, 30 July 2014 * Companies Agree On First Top Management Nominations and Corporate Governance * BoD to be Composed of Six Members – Three from Each Partner Company, Chaired by Marc Ventre * Designated CEO to Propose Further Top Management Positions in September * Launcher JV of Airbus Group and Safran to Reshape The Space Launcher Business, Increase Sector Competitiveness and Provide Customers With More Cost-Efficient Solutions Airbus Group (stock exchange symbol: AIR) and Safran (stock exchange symbol: SAF) have agreed to nominate Alain Charmeau (58), as Chief Executive Officer (CEO) for the future Space Launcher Joint Venture. Currently, Alain Charmeau is serving as the Head of Operations at Space Systems within Airbus Defence and Space Division. The CEOs of Airbus Group and Safran – Tom Enders and Jean-Paul Herteman – also agreed to nominate Marc Ventre (63), Deputy CEO & COO of Safran, to become Chairman of the Board of Directors for the Joint Venture. Besides the Chairman and the CEO, both Airbus Group and Safran will each nominate two additional Directors to the Board. Following the initial announcement of the Joint Venture by Airbus Group and Safran on 16 June 2014, these joint decisions form the basis for the corporate governance of the 50-50 Joint Venture, which is aimed at reshaping the Europe`s Space Launcher Business. The Joint Venture’s key objective is to propose a new family of competitive, versatile and efficient space launchers, to serve both commercial and institutional needs. “Our nominations today are an important milestone in the creation of the Joint Venture and towards a more integrated, more efficient and hence more profitable launcher business in Europe”, said Tom Enders, CEO of Airbus Group. “The management is tasked with a clear mission: to improve competitiveness of the future European Launcher business. This objective is without alternative for me – either, we fundamentally drive change in this sector or we risk becoming irrelevant very soon.” Jean-Paul Herteman, Chairman & CEO of Safran, said: “We have full confidence in the CEO and his team to establish an operational plan for the Joint Venture enabling industry to optimize future launcher configurations, to act as the design authority and to set the best overall integrated industrial organisation going forward. In this Joint Venture, each shareholder will bring its full support and retain a key role in their legacy activities especially in France and Germany, combining expertise in the launcher systems from Airbus Group as well as propulsion systems from Safran.” Background Information: The initiative capitalises on the preparatory activities undertaken during the last two years under the leadership of the European Space Agency (ESA) and the French Space Agency CNES, in line with the guidelines set by the ESA ministerial conference in November 2012. The current industrial initiative proposes: * to further develop and accelerate entry-into-service of the Ariane 5 ME launcher as a logical evolution of Ariane 5, including an improved upper stage based on the Vinci engine; and * to further develop two Ariane 6 launcher variants (Ariane 6.1 and Ariane 6.2) able to fulfil a range of institutional and commercial missions as expressed by ESA, the National Space Agencies, Arianespace and satellite operators. Both Airbus Group and Safran have been close and complementary partners in the launcher business, with an unmatched row of successful Ariane launches for more than 10 years. With this new partnership, for which a memorandum of understanding was signed, both companies strive to capitalise on the successful track record of Arianespace and the Ariane family by further increasing efficiency and competitiveness. Both companies express their determination to continue to play a leading role in the space launcher business as well as to safeguard Europe’s autonomous and reliable access to space. This year, ESA and its Member Nations are expected to take far-reaching decisions on current and next generation launchers. The initiative is aimed at enhancing the competitiveness of the space launcher business going forward. The Ariane programme has been hugely successful during the last 30 years, but in order to remain relevant and competitive for the future, Airbus Group and Safran are determined to establish a much more efficient industrial structure. Among an increased number of actors worldwide and in addition to high technological challenges, European industry must provide competitive solutions for all space segments, among which launchers remain at the forefront. Today, Europe is at a crossroad where it needs to opt for driving change, becoming more agile, making space products more affordable, and integrate industrial structures better. This new joint entity will be a major worldwide player in the launcher domain, with the aim to benefit from growth and better serve institutional as well as commercial customers. Signing of the first phase of the transaction and an initial start of operations of the Joint Venture are expected before the end of 2014. The creation of the Joint Venture is subject to regulatory approvals and to the consultation of the relevant employee representative bodies. **** Airbus Group is a global leader in aeronautics, space and related services. In 2013, the Group – comprising Airbus, Airbus Defence and Space and Airbus Helicopters – generated revenues of € 57.6 billion (restated) and employed a workforce of around 139,000 (restated). Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Group has 66,300 employees and generated sales of 14.7 billion euros in 2013*. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of 1.8 billion Euros in 2013. Safran is listed on Euronext Paris and is part of the CAC40 index. * Sales in 2013 restated for the impacts of IFRS11 amounted to 14.4 billion euros.
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    07.29.2014 | Download as PDF | Messier-Bugatti-Dowty signs agreement with Sabena technics to acquire 100% of Hydrep

    Vélizy, July 29th, 2014 Vincent Mascré, Chairman and CEO of Messier-Bugatti-Dowty (Safran), and Rodolphe Marchais, Chairman and CEO of Sabena technics, signed an agreement on July 18 for Messier-Bugatti-Dowty to acquire Sabena technics’ 50% stake in their 50/50 joint company, Hydrep. The transaction is scheduled to take effect in September 2014. Based in Dinard, France, Hydrep employs 100 people and is a leading provider of repair services for landing gear on regional and business airplanes and helicopters. After a successful 23-year partnership between these two leading aerospace companies, Hydrep, as a wholly-owned subsidiary of Messier-Bugatti-Dowty, will be able to bolster its position in the market for landing gear maintenance and associated services. Vincent Mascré, Chairman and CEO of Messier-Bugatti-Dowty, said: “The acquisition of 100% of Hydrep consolidates our position in the regional market for landing gear repair, a strategic segment with tremendous growth potential. This transaction also underlines our ongoing commitment to providing our customers with high-quality, local service.” Rodolphe Marchais, Chairman and CEO of Sabena technics, added: “We are especially proud to have contributed to Hydrep’s development over the past 23 years in partnership with Messier-Bugatti-Dowty. We are totally confident that this new ownership structure will enable Hydrep to expand further. Sabena technics will continue to call on Hydrep’s competencies within the scope of the services we provide for our civil and military aviation customers, particularly for equipment maintenance and repair.” * * * * Hydrep: located at International Airport of Dinard, France, Hydrep is a joint-venture of Messier-Bugatti-Dowty (Safran) and Sabena technics (TAT Group), specialized in repair and overhaul of landing gear, hydraulic components, wheels and brakes, and accessories for business, commuter aircraft and helicopters. Hydrep holds all necessary regulatory approvals (EASA, FAA, CAAC) and an AS9110:2009 / ISO9001:2008 registered quality system to meet the needs of corporate operators, regional and commercial airlines. Sabena technics: founded in 1968, Sabena technics is a leading independent player in the aircraft maintenance sector. With a network of 15 sites employing over 2,200 persons worldwide, the company is specialized in supporting regional, narrow and wide-body fleets, as well as military operators. Its business offer covers six product lines delivering across-the-board coverage of client requirements: Airframe services, VIP completion, Component services, Integrated services, Military services and Training services. Sabena technics’ infrastructures include over 200,000 m² of hangars and facilities across the world and logistic platforms. Messier-Bugatti-Dowty (Safran) is the world leader in aircraft landing and braking systems. Company capabilities encompass the full life cycle of our products, ranging from design and manufacture to in-service support, repair and overhaul. Messier-Bugatti-Dowty is a partner to 30 leading commercial, military, business and regional airframers, and supports more than 24,000 aircraft making over 40,000 landings every day. The company employs 7,000 staff working in locations across Europe, North America and Asia.
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    07.24.2014 | Herakles: working to reduce vibrations during Ariane launches

    The solid rocket motors used on space launchers generate vibrations that may cause damage to the satellites they carry. Thanks to its simulation software, combined with its ability to produce a specially adapted propellant, Herakles will be able to limit the impact of this phenomenon on the thrusters of the future Ariane 6 launcher.

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