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Safran to Sell In-Flight Entertainment Division to Kingswood Capital

Safran agrees to sell its in-flight entertainment division SPI to Kingswood Capital, with completion expected by Q1 2026 and leadership retention planned.

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Safran Agrees to Sell In-Flight Entertainment Division to Kingswood Capital Management

French aerospace giant Safran has announced a definitive agreement to sell its in-flight entertainment and connectivity (IFEC) division, Safran Passenger Innovations (SPI), to Kingswood Capital Management, LP. The transaction, announced on December 10, 2025, marks a significant shift in Safran’s portfolio strategy as it continues to divest non-core assets acquired during its purchase of Zodiac Aerospace.

According to the official announcement, the sale is expected to close by the end of the first quarter of 2026, subject to customary regulatory approvals. While the financial terms of the deal were not publicly disclosed, Safran confirmed that SPI generates approximately $460 million in annual revenue.

Transaction Overview and Strategic Rationale

The agreement transfers ownership of SPI, a California-based leader in in-flight entertainment systems, to Kingswood Capital Management, a Los Angeles-based private equity firm. Kingswood specializes in corporate carve-outs and operational transitions, making this acquisition a strategic fit for their portfolio.

Safran’s Divestment Strategy

For Safran, this move represents a continuation of its strategy to streamline operations and focus on its core competencies in propulsion and Commercial-Aircraft equipment. SPI, formerly known as Zodiac Inflight Innovations, was part of the Zodiac Aerospace acquisition in 2018. Since that merger, Safran has systematically reviewed its holdings to identify assets that operate outside its primary industrial focus.

In the company’s press statement, Safran indicated that the sale allows the group to concentrate resources on its strategic priorities while placing SPI under ownership that is specifically dedicated to growing the business as a standalone entity.

Kingswood’s Aerospace Expansion

Kingswood Capital Management described the acquisition as its “second aerospace and defense investment,” signaling a growing interest in the sector. The firm plans to leverage its capital and operational expertise to accelerate SPI’s product development and market expansion.

“We look forward to partnering with the SPI management team to support the company’s next phase of growth and innovation as a standalone business.”

, Statement attributed to Kingswood Capital Management

Impact on Operations and Leadership

A critical component of the agreement is the retention of SPI’s current leadership and workforce. The division employs approximately 740 people, primarily located at its headquarters in Brea, California, and its operations center in Wessling, Germany.

According to the release, CEO Matt Smith and the existing management team will remain in place following the acquisition. This continuity is intended to ensure stability for SPI’s Airlines customers, which include major global carriers such as Lufthansa, ANA, Etihad, and China Southern.

The RAVE Product Line

SPI is best known for its RAVE (Reliable, Affordable, and Very Easy) product line. The RAVE system includes seatback in-flight entertainment screens and connectivity hardware that supports various satellite networks. As a standalone company under Kingswood, SPI aims to compete more agilely in the IFEC market against rivals like Panasonic Avionics and Thales InFlyt Experience.

AirPro News Analysis

The sale of Safran Passenger Innovations highlights a broader trend in the aerospace supply chain: the “unwinding” of massive conglomerates into more specialized entities. When Safran acquired Zodiac Aerospace in 2018, it absorbed a vast array of cabin interior businesses. While some, like seats, integrated well, the high-tech, consumer-facing nature of in-flight entertainment (IFE) often requires a different investment cycle and agility than engine manufacturing.

By moving to private equity ownership, SPI may gain the flexibility to pivot faster in a post-pandemic market where passengers demand 4K screens and high-speed Wi-Fi. For Kingswood, the challenge will be managing a tech-heavy portfolio company in a capital-intensive industry, but the retention of the original leadership team suggests a strategy of stability rather than radical restructuring.

Frequently Asked Questions

When will the transaction be finalized?
The deal is expected to close by the end of Q1 2026, pending regulatory approvals.

Will the leadership team change?
No. CEO Matt Smith and the current leadership team will continue to lead the company.

What is the revenue of the division being sold?
Safran Passenger Innovations generates approximately $460 million in annual revenue.

Sources

Photo Credit: Safran

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MRO & Manufacturing

ExecuJet MRO Belgium Completes Falcon 7X Project

ExecuJet MRO Services Belgium completes a Falcon 7X project, backed by FAA Part 145 approval and Starlink retrofit authorization.

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ExecuJet MRO Services Belgium announced the completion of an extensive project on a Dassault Falcon 7X on June 11, 2026. The milestone highlights the growing heavy maintenance and modification capabilities at the Dassault Aviation subsidiary’s European facility.

While the specific scope of the newly completed Falcon 7X project was not detailed in the company’s initial release, the completion follows a steady expansion of the facility’s service portfolio for the Dassault Falcon fleet. The Kortrijk-Wevelgem International Airport (KJK) heavy maintenance center has steadily increased its throughput since completing its first C-check on a Falcon 7X in May 2025.

Expanding Falcon maintenance capabilities

The recent project completion builds upon significant regulatory approvals secured earlier in the year. In January 2026, the Federal Aviation Administration (FAA) granted the Belgium-based provider approval to perform line maintenance, Aircraft on Ground (AOG) support, and base maintenance on US-registered business aircraft.

This regulatory approval authorized the facility to conduct base maintenance up to C-checks on several aircraft types. The approved list includes the Falcon 7X, Falcon 8X, Falcon 900EX EASy/DX/LX, and Falcon 2000EX EASy/DX. The certification allows the European facility to service N-registered aircraft operating internationally.

Connectivity and retrofit growth

Beyond heavy maintenance, ExecuJet MRO Services Belgium has expanded its avionics and cabin connectivity retrofit operations. In December 2025, the facility completed the first Starlink connectivity system installation on a Dassault Falcon 8X.

The installation was performed under a supplemental type certificate developed by Dassault Falcon Jet. SpaceX appointed the company as an authorized Starlink dealer, granting the facility authorization to conduct identical retrofits on the Falcon 7X platform.

AirPro News analysis

We view the steady cadence of Falcon 7X and 8X milestones at the Belgium facility as a direct result of Dassault Aviation’s strategy to internalize and expand its European aftermarket support. By securing FAA Part 145 approval earlier in 2026, ExecuJet MRO Services Belgium positioned itself to capture maintenance events from North American operators flying into Europe. The ability to combine heavy C-checks with high-demand upgrades like Starlink connectivity makes the Kortrijk-Wevelgem site a highly competitive option for transatlantic Falcon operators requiring scheduled downtime.

Sources: ExecuJet MRO Services

Photo Credit: ExecuJet MRO Services

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MRO & Manufacturing

Deutsche Aircraft and Hexcel Sign D328eco Composite Deal

Deutsche Aircraft and Hexcel formalized a long-term composite supply agreement for the D328eco regional turboprop on June 12, 2026.

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Deutsche Aircraft and Hexcel Corporation formalized a long-term industrial partnerships and supply agreement on June 12, 2026, to provide advanced composite materials for the D328eco regional turboprop program.

Announced during the ILA Berlin Air Show at the BDLI Pavilion, the agreement secures the supply chain for critical lightweight composite materials required for the aircraft’s primary and secondary structures. According to a joint press release, the partnership directly supports the 40-seat aircraft’s weight reduction, fuel efficiency, and sustainability targets as the manufacturers prepares for the type’s planned first flight in 2026.

Securing the composite supply chain

The agreement with Hexcel represents a major procurement milestone for the modernized evolution of the Dornier 328 turboprop. By locking in a dedicated supplier for advanced composite solutions, Deutsche Aircraft aims to stabilize its manufacturing pipeline ahead of series production.

Patricia Ferrari, Vice President Supply Chain at Deutsche Aircraft, stated that the program is built on strong industrial partnerships. She noted that working with Hexcel allows the manufacturer to combine advanced materials expertise with industrial reliability to deliver a highly efficient aircraft for regional operators.

“This partnership with Deutsche Aircraft reflects Hexcel’s long-standing commitment to supporting innovative, sustainable aerospace programs in Europe,” said Lilian Braylé, President Aerospace Europe, Asia Pacific, Middle East, Africa & Industrial at Hexcel. “By combining advanced materials technology with strong industrial collaboration, we are contributing to the development of next-generation regional aircraft that address efficiency, sustainability, and long-term operational needs.”

The Hexcel agreement follows other recent supply chain finalizations for the D328eco. In March 2026, Deutsche Aircraft selected COMTRONIC GmbH to supply the complete overhead panel for the aircraft’s cockpit.

Production ramp-up and program timeline

Deutsche Aircraft is currently transitioning the D328eco from the design phase into physical testing and production. The company rolled out its first test aircraft, designated TAC 1, on May 28, 2025, at its Oberpfaffenhofen headquarters. The program is currently targeting its first-flight before the end of 2026.

Following the flight test campaign, the manufacturer plans to achieve full production readiness at its Leipzig/Halle final assembly line by early 2027. The facility is designed to produce a maximum of 48 aircraft per year and is expected to create between 250 and 350 highly skilled jobs in the region. Entry into service for the D328eco is scheduled for the fourth quarter of 2027.

“Long-term trust-based industrial relationships are essential for the success of complex aerospace programmes,” said Nico Neumann, Chief Executive Officer of Deutsche Aircraft. “This partnership with Hexcel provides a strong foundation for certification, ramp-up, and series production of the D328eco in Germany and across Europe.”

AirPro News analysis

Securing a Tier 1 composite supplier like Hexcel is a critical de-risking step for Deutsche Aircraft as it moves closer to the D328eco’s first flight. Aerospace supply-chains remain constrained globally, and locking in long-term agreements for primary structure materials shields the program from potential bottlenecks during the critical transition from prototyping to series production.

We view the emphasis on advanced composites as essential to the D328eco’s market positioning. The aircraft is being marketed heavily on its environmental credentials, which depend on aggressive weight reduction to maximize the efficiency of its turboprop engines. This composite strategy pairs with the company’s ongoing propulsion initiatives, including testing 100 percent synthetic, zero-aromatic fuels and validating Sustainable Aviation Fuel (SAF) compatibility in cooperation with Pratt & Whitney Canada.

Sources: Business Wire

Photo Credit: Deutsche Aircraft

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MRO & Manufacturing

SeAH Aerospace Wins Boeing Supplier Award for Aluminum Alloys

SeAH A&D received Boeing’s Supplier Production Partner Award and is expanding with a new facility in Changnyeong, South Korea.

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SeAH Aerospace & Defense (SeAH A&D) received The Boeing Company’s Supplier Production Partner Award on June 10, 2026, recognizing the South Korean manufacturer’s operational performance in supplying aerospace-grade aluminum extrusion materials.

The award, announced in a company press release, highlights SeAH A&D’s position as the sole manufacturer in South Korea capable of producing the high-value 2000 and 7000 series aluminum alloys utilized in commercial aircraft fuselages and wings. The recognition follows a multi-year Long-Term Agreement (LTA) signed between the two companies on December 15, 2025.

Capacity expansion and supply chain integration

To support its growing aerospace commitments, SeAH A&D is constructing a second manufacturing facility in Changnyeong, South Korea. The plant is scheduled for completion in the first half of 2027.

Once operational, the Changnyeong site will feature dedicated equipment specifically designed for the production of aluminum extrusion materials for aircraft structures. The company stated this expansion is intended to optimize the aerospace materials supply chain across the Asia-Pacific region, including China, Japan, Southeast Asia, and India.

“Following our record-breaking performance last year, we will focus on the rapid stabilization of our new Changnyeong facility and further establish ourselves as a leading Korean aerospace materials company, while strengthening our position as a trusted supply chain partner to global aircraft manufacturers,” a representative for SeAH A&D stated.

Boeing partnership and material specifications

The December 2025 contract extension solidified SeAH A&D’s role within Boeing’s global supply network. The 2000 and 7000 series aluminum alloys supplied by the company are critical components in modern aircraft manufacturing, requiring stringent quality control and high strength-to-weight ratios.

The supplier award evaluates vendors on strict metrics of operational excellence, delivery reliability, and material quality. The company noted that it plans to build on its expertise in high-strength materials and rigorous quality management to strengthen its competitiveness as a global supplier.

AirPro News analysis

We view Boeing’s recognition of SeAH A&D as a reflection of the airframer’s broader strategy to diversify and secure its raw material supply chains in the Asia-Pacific region. As Boeing works to stabilize commercial aircraft production rates, ensuring a steady flow of specialized aerospace-grade aluminum is critical. The upcoming Changnyeong facility will likely serve as a key node in mitigating future supply chain bottlenecks for structural components.

Sources: SeAH Aerospace & Defense

Photo Credit: SeAH Aerospace & Defense

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