(AOF) – Figeac Aéro has signed a new agreement with Safran Nacelles, a world leader in the integration of aircraft nacelles, worth around 140 million euros over 10 years. The agreement concerns the production in France and Morocco of thousands of high value-added metal parts for the nacelles of the Airbus A320neo, equipped with LEAP-1A engines. Extension of an existing contract, the total value of the contract represents an additional turnover of approximately 80 million euros compared to the initial agreement.
Benefiting from a secure supply, the first deliveries are scheduled for the second half of the 2023/24 financial year.
The agreement provides for a multi-site industrial plan, making it possible to support Safran Nacelles’ production rates: in France, with a significant share of production in Figeac, and in Morocco, in Casablanca, where around fifty qualified jobs will be created on a new production site, the construction of which has already begun.
This agreement “thus reinforces the group’s confidence in achieving its 2025 objectives” indicated the partner of the major aeronautics manufacturers.
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The end of a duopoly?
For several decades, the American Boeing and the European Airbus have shared 99% of the world market for airliners with more than 110 seats. This market weighs more than 100 billion dollars per year. However, this duopoly seems to be weakened in 2022 for several reasons. First, for the first time, two medium-haul single-aisle aircraft, the Chinese Comac’s C919 and the Russian Irkut’s MC-21, are about to enter service. Added to this is the Boeing 737 MAX crisis. With the cessation of deliveries of this aircraft between 2019 and 2021, the production balance has been broken. In 2021 Boeing posted 340 deliveries, with Airbus remaining well ahead with 611.