Safran ready to expand cost-saving measures as crisis expands

PARIS, March 12 (Reuters) - French aerospace contractor Safran is preparing to expand planned cost-saving measures as the coronavirus crisis widens, Chief Executive Philippe Petitcolin said.

Safran said in February that to reach its annual forecasts it was targeting 300 million euros ($326 million) of cost savings and other belt-tightening measures to cope with the 737 MAX outage and the impact of the coronavirus on its China operations. (Reporting by Tim Hepher; Editing by Jan Harvey)