Subscribe Free
in Business Aviation / Business & Finance

Dassault and Safran settle dispute over 5X engine delay

Posted 6 September 2018 · Add Comment

Dassault Aviation has agreed what it described as an “amicable settlement” with Safran putting an end to the dispute concerning the Silvercrest engine planned to equip the Falcon 5X.


Further to the termination of the Silvercrest contract, to the end of the Falcon 5X program and to the launch of the new Falcon, later named Falcon 6X, Dassault Aviation and Safran entered negotiations which led to the settlement.
Dassault Aviation will receive compensation from Safran amounting $280 million, the other terms and conditions of the programme that were applicable to the Silvercrest contract remaining unaffected, this includes the cash contribution already paid by Safran which the airdramer said will have a positive impact on its 2018 results.
Safran and its subsidiaries remain partners on the Falcon 6X, and have signed contracts for the supply of equipment for this new jet.


 Happier Days: The roll-out of the 5X but things went sour as the programme folded after delays on the engine programme. (Pix: Billypix)

* required field

Post a comment

Other Stories
Advertisement
Latest News

Gulf Air adds Maldives as it welcomes its third Airbus 320neo

Gulf Air has welcomed the airline’s third Airbus A320neo, which on October 26 will begin operating to Gulf Air’s newest destination – Male in the Maldives.

Etihad release statement on airspace restrictions

Following the decision of the US Federal Aviation Administration to restrict US airline operations in Iranian-controlled airspace, Etihad Airways has consulted with the UAE General Civil Aviation Authority and other UAE airlines to

SITA celebrates 70th anniversary with record US$1.7 billion revenue

More than 100 of the world’s airlines and airports gathered in Belgium last week as SITA, the air transport IT provider, celebrated its 70th anniversary.

Abu Dhabi Airports achieves CIPS Advanced Level

Abu Dhabi Airports has secured a Procurement Excellence Gold Award from the internationally recognised Chartered Institute of Procurement and Supply (CIPS), following its completion of a comprehensive award submission.

Etihad bolsters flight safety with SITAONAIR's eWAS Weather Awareness Solution

Etihad Airways has bolstered flight safety by choosing to deploy SITAONAIR’s rich and intuitive EFB Weather Awareness Solution, eWAS, across more than 100 aircraft.

Qatar Executive expands its fleet with two Gulfstream Jets

Qatar Executive has delivered two new state-of-the-art Gulfstream jets.

Luxivair SK2404240719
See us at
Dubai AS BT2006211119ACCA19_BT_2404091019MEBAA BT2006260919DIAC19_BT264161119