History
SMA was founded in 1997 as a 50/50 joint venture between SOCATA and Renault Sport to develop a diesel engine for light aircraft. SNECMA also entered the joint venture with a one-third interest in June 2000. The prefix of the engines changed to SR, for SNECMA-Renault. In 2005, Safran bought out the other partners to become the sole owner of SMA.
Read more about this topic: SMA Engines
Famous quotes containing the word history:
“We have need of history in its entirety, not to fall back into it, but to see if we can escape from it.”
—José Ortega Y Gasset (1883–1955)
“The history is always the same the product is always different and the history interests more than the product. More, that is, more. Yes. But if the product was not different the history which is the same would not be more interesting.”
—Gertrude Stein (1874–1946)
“The history of reform is always identical; it is the comparison of the idea with the fact. Our modes of living are not agreeable to our imagination. We suspect they are unworthy. We arraign our daily employments.”
—Ralph Waldo Emerson (1803–1882)