Safran Sells In-Flight Entertainment Division to American Firm Kingswood Capital

French aerospace manufacturer Safran announced on December 10, 2025, that it has reached a definitive agreement to sell its in-flight entertainment and connectivity division, Safran Passenger Innovations (SPI), to American investment firm Kingswood Capital Management. The sale aligns with Safran’s strategy to streamline operations and focus on its core businesses.

SPI, a global leader in in-flight entertainment technology, generates approximately $460 million in annual revenue and employs around 740 people across three sites: two in the United States and one in Germany. The division is renowned for producing the RAVE system, which integrates touchscreen technology, Wi-Fi, and Bluetooth, and offers an industry-wide compatible interface, including accessibility features for individuals with disabilities.

Kingswood intends to leverage its financial resources, partner network, and expertise to enhance SPI’s offerings and develop new connected entertainment solutions, seen as key to improving passenger experience amid the growing aviation industry. The transaction is expected to close by the end of the first quarter of 2026, pending customary regulatory approvals.

SPI was originally Innovative Media Solutions, acquired by Zodiac Aerospace in 2012, which then became part of Safran in 2018. Following the announcement, Safran’s stock remained stable, having increased 39% over the year. This divestiture marks a significant strategic shift, as Safran refocuses on its main aerospace and defense sectors.