Safran creates new business unit PARIS, Jan. 7 (UPI) -- Safran of France has created a new business entity that combines all its aircraft electrical systems businesses. The new unit, which will continue company efforts in the expanding market for more electric aircraft, is called Labinal Power Systems. It is comprised of Safran units Labinal -- a provider of electrical wiring interconnection systems -- Safran Power, a specialist in onboard power systems, and Aerosource, a maintenance, repair and overhaul service for airborne electrical equipment. Safran said it also includes Safran Engineering Services and Technofan, which produces ventilation systems and electric motors. "This consolidation marks a major step forward for Safran," said Marc Ventre, Safran's deputy chief executive officer for Operations. It perfectly reflects our development strategy, anchored in technological differentiation. Safran is now capable of offering complete, world-class electrical power systems for aircraft. We have in our portfolio most major technology bricks relevant to aircraft electrical generation and distribution. Safran, in expanding its electrical systems business, acquired Goodrich Electrical Power Systems in 2012 and late last year signed a Memorandum of Understanding with Airbus to develop an electric taxiing system for the A320 family of aircraft.