Saft Says Airbus Decision Has Limited Financial Impact

Reuters reported that Saft, through its Chief Executive, John Searle, said that the decision of Airbus not to use lithium ion batteries in its A350 jets would have minimal financial impact on the company.

As quoted in the market news:

John Searle, the chief executive of Saft, said the decision announced by Airbus would have no impact on sales this year, and almost none in 2014.

“In reality the aerospace market is not what fills the factories of lithium-ion battery makers; each contract is worth a few million euros of sales a year,” said Searle.

Click here to read the full Reuters report.

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