Future of Denel’s aero engine and manned aircraft businesses clarified

South African defence industrial group Denel has a clear plan for the future of Turbomeca Africa (TMA), which it is in the process of buying off Safran Helicopter Engines (Safran HE), part of France’s Safran S/A aeroengines group. Hitherto, TMA (originally established in 2002) was a joint venture between Denel and Safran HE, the French business holding 51% and the South African group 49%. “Our takeover is still subject to final approvals,” Denel Group Chief Strategy Officer Theo Kleynhans tells ...