Boeing and Safran name their joint venture
Boeing and Safran have announced the name of their 50-50 joint venture to design, build and service Auxiliary Power Units (APUs): Initium Aerospace.
From its Latin roots, initium means 'the beginning' or 'to start.'
“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,” the companies say.
The initial team consists of employees from the two parent companies and is led by Etienne Boisseau as CEO. 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.
"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."
"I would like to congratulate everybody at Boeing and Safran who contributed to the creation of this new joint venture," said Philippe Petitcolin, CEO of Safran. "Initium Aerospace is swiftly capitalizing on the vast expertise of both partners to provide state-of-the-art APUs and innovative solutions to customers. 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."
In February 2018, Safran also took control of Zodiac Aerospace, significantly expanding its aircraft equipment activities.