Safran's dispute with local agent threatens to end up in court
Safran is caught between the new and the old business networks in Riyadh in a row that is fast turning into in a full-blown legal dispute. [...]
Safran is France’s biggest manufacturer of engines for planes, helicopters and rockets. It was created in 2005 from the merger of SNECMA and Sagem. IT employs nearly 70,000 people and is one of the principal suppliers to Dassault and Airbus.
Embroiled in the biggest scandal in its history, Kuala Lumpur is putting the brakes on negotiations for an order of new fighter jets. However behind the scenes companies hoping to land the business are continuing to do deals with their contacts on the ground. [...]