French aerospace and defence group Safran is exploring the sale of a large part of its €3bn revenue aircraft interiors business as the group looks to focus on higher-margin areas such as jet engines.
The assets, which include everything from overhead cabin bins to kitchen galleys and interior fittings, are expected to garner interest from both private equity groups and equipment makers, according to three people familiar with the disposal process.
The assets being sold could be worth as much €1.5bn, said one of the people, adding that Safran’s cabin seat business, which is also part of the division, was not for sale.
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