Safran has entered into a definitive agreement with Kingswood Capital Management  for the sale of Safran Passenger Innovations (SPI), Safran’s in-flight entertainment and connectivity solutions division best known for it’s ‘RAVE’ accessible IFE system and other products.

SPI generates approximately USD 460 million in revenue and employs around 740 people across three sites – two in the United States and one in Germany.

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Kingswood will leverage its capital base, operational network, and expertise to grow the business and help it develop new connected in-flight entertainment solutions, which have become a key element of passenger experience as the aviation industry continues to expand.

The transaction is subject to obtaining the applicable regulatory approvals and the customary conditions for this type of transaction. Completion of the transaction is expected by the end of the first quarter of 2026.