Safran: Revenues Up 7.8% In Q1 2016, LEAP Engines On Target

French OEM Safran has said its revenues rose by 7.8 per cent to €4.2bn ($4.7bn) in the first quarter of 2016 while also confirming the LEAP engine programme remains “on track”.

French OEM Safran has said its revenues rose by 7.8 per cent to €4.2bn ($4.7bn) in the first quarter of 2016 while also confirming the LEAP engine programme remains “on track”.

In a Q1 earnings call on Tuesday (April 26), Safran CEO Philippe Petitcolin said revenues from its civil aftermarket activities climbed 8.6 per cent year-on-year while aircraft equipment services were up 17.2 per cent compared to last year.

Speaking about the LEAP engine programme, produced by Safran and GE's CFM International joint venture, Petitcolin said deliveries of the LEAP 1A remain on schedule while the LEAP 1B variant’s engine certification remains on course with the company beginning its one-year flight test certification programme.

TAGS: Europe
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