NEWSWIRETODAY Press Release& Newswire Distribution | HOME
MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Agency / Source: Safran Group

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Safran to Acquire Component Repair Technologies in Order to Expand its MRO Network - Safran Aircraft Engines announced today the contemplated acquisition of the American company CRT (Component Repair Technologies), a world leader in the repair of aircraft engine parts, based in Mentor, Ohio - ComponentRepair.com / Safran-Aircraft-Engines.
Safran to Acquire Component Repair Technologies in Order to Expand its MRO Network

 

NewswireTODAY - /newswire/ - Evry-Corbeil, Essonne, France, 2024/09/10 - Safran Aircraft Engines announced today the contemplated acquisition of the American company CRT (Component Repair Technologies), a world leader in the repair of aircraft engine parts, based in Mentor, Ohio - ComponentRepair.com / Safran-Aircraft-Engines.. PAR: SAF | SAFRAN

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Aviation / Aerospace / Drone / eVTOL Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

By adding CRT, Safran Aircraft Engines will strengthen its maintenance, repair and overhaul (MRO) capabilities in the Americas. CRT, which has over 450 employees, is specialized in the repair of large parts (cases, rotating parts) for the CFM56, LEAP and large turbofan engines.

“This contemplated acquisition clearly reflects our plans to ramp-up our global MRO network, and we are delighted to be able to rely on the proven expertise of CRT,” said Jean-Paul Alary, CEO of Safran Aircraft Engines. “Our strategy includes major investments at all our current facilities, plus the construction of new facilities. With this ambitious ramp-up, Safran Aircraft Engines will proactively support the rapidly growing global fleet of LEAP-powered airplanes.”

CRT (componentrepair.com) will perform repair activities in the framework of Safran Aircraft Engines’ shop visits provided to airlines through CFM Services agreements, as well as for other OEM and third-party companies in the MRO market. This new facility will join the five existing repair facilities in the Safran Aircraft Engines network: Châtellerault (France), Ceramic Coating Center (France), Airfoils Advanced Solutions (France), PTI (Florida, United States), Safran Aircraft Engine Services Americas (Querétaro, Mexico). CRT’s operations are fully in line with the strong development of Safran Aircraft Engines’ engine MRO capabilities in the Americas, as shown by the recent announcement of a new maintenance facility for LEAP engines to be built in Querétaro, Mexico. This acquisition will help us optimize our industrial organization against the backdrop of strong growth in LEAP support services, while significantly reducing our carbon footprint.

“As a long-standing partner to Safran Aircraft Engines, CRT has proven its ability to develop innovative new repair processes,” noted Nicolas Potier, Vice President, Support, Services & MRO at Safran Aircraft Engines. “Adding their capabilities to our network provides a major asset to support our customers’ operations worldwide. It also reflects our industrial strategy of providing a world-class MRO source on each continent.”

The LEAP engine is a huge commercial success, with more than 7,500 already delivered, logging over 50 million flight-hours, and another 10,600 on order. This new-generation turbofan is deployed by nearly 170 operators worldwide. It reduces CO2 emissions by 15% to 20% in relation to previous generation engines, while also significantly reducing noise.

The completion of this proposed acquisition remains subject to obtaining the usual regulatory approvals. The transaction is expected to be completed by the end of 2024.

Safran (safran-group.com) is an international high-technology group, operating in the aviation (propulsion, equipment and interiors), defense and space markets. Its core purpose is to contribute to a safer, more sustainable world, where air transport is more environmentally friendly, comfortable and accessible. Safran has a global presence, with 92,000 employees and sales of €23.2 billion in 2023, and holds, alone or in partnership, world or regional leadership positions in its core markets.

Safran Aircraft Engines (safran-aircraft-engines.com) designs, produces and markets, alone or in partnership, commercial and military aircraft engines offering world-class performance, reliability and environmental friendliness. Operating through CFM International, its 50/50 joint venture with GE Aerospace, Safran Aircraft Engines is the world’s leading supplier of single-aisle commercial jet engines.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Aviation / Aerospace / Drone / eVTOL Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Safran Group

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Aviation / Aerospace / Drone / eVTOL articles,
CATCH Visitors via Your Competitors Announcements!


Safran to Acquire Component Repair Technologies in Order to Expand its MRO Network

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
CRT | Safran Aircraft Engines
Contact: Charles Soret - SafranGroup.com 
+33(0)6 31 60 96 79 charles.soret[.]safrangroup.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Safran Group securities in any jurisdiction including any other companies listed or named in this release.

Aviation / Aerospace / Drone / eVTOL via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Safran Group / Company Profile


Read Aviation / Aerospace / Drone / eVTOL Most Recent Related Newswires:

The Walloon Region, The Belgian Federal State and Safran Inaugurate A New Test Center
Leonardo’s Falco Xplorer Completes Successful EUDAAS Demonstration, Paving the Way for Unmanned Aircraft Integration in European Airspace
Mubadala and Safran Strengthen Strategic Partnership to Drive Aerospace Growth in the UAE
KAL and Curtiss-Wright Sign MOU to Develop Next-Generation SOSA Aligned Solutions for UAV Platforms
Eastern Airlines Technic and Thales Extend MRO Cooperation
European Space Agency’s Harmony Mission to Rely on ABB Infrared Instruments
CFM Powers First A321XLR Commercial Flight
Bristow and Leonardo Finalize Long-term Support and Training Agreements for AW139 and AW189 Helicopters
Thales to Empower JetZero’s Innovative Aircraft for Safe and Eco-friendly Flights
Leonardo and GDHF Sign Framework Agreement to Supply 10 AW189 Offshore Helicopters
Thales’ Suite of IFE Accessibility Solutions Wins Prestigious Crystal Cabin Award
Safran Invests Over €1 Billion to Develop Global MRO Network for its LEAP Engine
Thales Demonstrates its Capacity to Deploy Drone Swarms with Unparalleled Levels of Autonomy Using AI
Toho Air Signs for An Additional AW139 Helicopter to Enhance Shuttle Service in Japan
VietJet Air and CFM Strengthen Partnership by Enhancing their LEAP-1B Engine Agreements

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  RightITnow, Inc.

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2005-2024 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are proudly NOT affiliated with USA TODAY (usatoday.com)