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

Play it, SAMI

A huge new player has emerged in the aerospace defence world. Alan Warnes finds out more.

Satcom Direct names Evgeniy Pashkov regional director EEMEA

Satcom Direct, the business aviation solutions provider, has appointed Evgeniy Pashkov as regional director for EEMEA.

USD 1.8 trillion global investment needed for aviation infrastructure modernisation by 2030

The required modernisation of aviation infrastructure expansion, development, and modernisation to cater to anticipated increase in passenger and freight air traffic demand will reach USD 1.8 trillion by 2030.

Jetex now the exclusive dealer in the region for hi-tech new HondaJet

Jetex is bringing the next-generation in advanced private jets to the Middle East after striking an agreement with Honda Aircraft Company to become the exclusive authorized dealer for the region.

Five Middle East States to share aviation security info

Following their presentation of a working paper entitled 'Sharing of Aviation Security Information Between States' at the Second High-level Conference on Aviation Security (HLCAS/2-WP/2), Egypt, Jordan, Oman, Saudi Arabia, Sudan

Somon cracks the EU code

Somon Air and AtlasGlobal are forging deeper ties in a bid to help the Tajik airline grow sustainably. Martin Rivers reports.

Boeing SK0311018051218
See us at
SaudiAirshowBT0711140319Aviation Africa BT0607280219AIME19BTA3005120219MEBAA BT1004121218