Safran has entered into a definitive agreement with Embraer for the sale of Safran Cabin’s shares in EZAir, their 50/50 joint venture.
The JV manufactures Embraer’s interiors in Chihuahua, Mexico, provides associated aftermarket activities, and is responsible for related activities (engineering and manufacturing) in Brazil.
The transaction is subject to obtaining the applicable regulatory approvals and the customary conditions for this type of transaction. The Chihuahua location, which employs about 1,100 people, will then be wholly owned by Embraer.
The activities of Safran Cabin Brazil related to Embraer’s scopes will become part of Embraer. The non-Embraer related engineering services activities of Safran Cabin Brazil will remain with Safran.
About Safran
Safran 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 100,000 employees and revenue of 27.3 billion euros in 2024, and holds, alone or in partnership, global or regional leadership positions in its core markets. Safran undertakes research and development programs to maintain the environmental priorities of its R&T and Innovation roadmaps. Safran is listed on the Euronext Paris stock exchange and is part of the CAC 40 and Euro Stoxx 50 indices.
