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>> An engagement party six years after the first proposal. Zodiac Aerospace wasn't keen on marriage to Safran then. But three years of ill health, and several profit warnings, this made the prospect of a supporting partner a little more attractive. The French aircraft seat manufacturer also acknowledges the industry has changed.
> There is enough talent on our side to be able to answer the needs of our own programs like LEAP, and if needs be, help the former Zodiac activities.
Safran is confident it can nurse Zodiac back to full health, without its new LEAP engines for Airbus and Boeing suffering any ill effects.>>
>> Zodiac shares jumped 23% when Paris markets opened, heading for their best performance in 30 years. Safran's rose 1%. The new company will the the world's third largest aerospace supplier, in an industry dealing with a boom in jet orders. And it isn't the only big merger either. Rockwell is expected to complete it's acquisition of Zodiac's main rival BE Aerospace in the spring.