Safran has announced that it has signed a definitive agreement with Kingswood Capital Management (Kingswood) for the sale of Safran Passenger Innovations (SPI), the group’s division specialising in in-flight entertainment and connectivity solutions. The agreement marks a significant strategic step for Safran as it continues to refine its portfolio and focus on core activities.
SPI is regarded as one of the global leaders in its field. The division generates annual revenue of approximately US$460 million and employs around 740 staff across three main locations: two facilities in the United States and one in Germany. Its portfolio includes advanced, connected in-flight entertainment systems that are increasingly central to the overall passenger experience.
Kingswood is expected to use its capital resources, operational expertise and industry network to support SPI’s continued growth. The firm has indicated that it intends to accelerate the development of next-generation, connected entertainment and digital solutions, an area that has become critical as airlines worldwide place greater emphasis on enhancing onboard experience and differentiating their service offerings in a competitive market.
The transaction remains subject to regulatory approvals and other customary closing conditions for a sale of this nature. Both parties anticipate that completion will take place by the end of the first quarter of 2026, pending confirmation that all relevant requirements have been met.
Safran stated that the agreement reflects its strategic intention to streamline its activities and focus investment on priority areas, while Kingswood views the acquisition as an opportunity to expand its footprint in the aviation technology sector. The transition is expected to ensure continuity for SPI’s workforce and customers, while creating a platform for long-term product innovation and commercial expansion.
