Kingswood Capital Management has acquired Safran Passenger Innovations from Safran and renamed it RAVE Aerospace.
RAVE has been a name used in inflight entertainment and connectivity for almost two decades.
Matt Smith will continue to serve as RAVE Aerospace’s Chief Executive Officer. He will be supported by the existing leadership team.
Headquartered in Brea, California, RAVE Aerospace continues to develop and deliver its award-winning RAVE in-flight entertainment and connectivity platform. The platform is recognised for its intuitive design, reliability and innovative approach.
“We are proud to introduce our new company name, built on the strength of the established RAVE brand,” said Smith.
“It reflects the strong heritage of our inflight entertainment and connectivity platform, RAVE, which delivers measurable value to more than 100 customers around the world. Our next chapter with Kingswood Capital Management empowers us to reach new heights,” he continued.
“With our partnership, we’ll be able to unlock opportunities for accelerated growth, expansion, and investment in cutting-edge technologies that will redefine the inflight experience. With the dedication of our people and the strength of our leadership team, I am confident we will shape a future that benefits our customers and employees alike,” concluded Smith.
Clayton Lechleiter, Principal at Kingswood, said: “The travel and aviation markets are expanding rapidly, and RAVE Aerospace’s renaming and renewed focus on growth could not come at a better time. Passengers today expect a seamless, intuitive and connected experience in the air. RAVE Aerospace delivers on that expectation with a platform that combines reliability, innovation, and efficiency.”
Alex Wolf, Managing Partner and Founder of Kingswood, commented: “We’re excited that RAVE Aerospace and its widely recognised in-flight products are joining the Kingswood fold. We’re looking forward to working with and supporting Matt and the existing leadership team as they continue to scale globally and drive cutting-edge, industry-leading innovation in the sky.”
