Seattle, Washington – The Boeing, Adient aeroplane seating joint venture started trading on 15 October and will be focusing on lay-flat business class seats.
The joint venture was formed to tap into the growing aeroplane seating business. Analysts suggest this could increase in size from approximately $4.5 bn in 2017 to $6 bn in 2026.
In addition to lay-flat seats, the JV is building a portfolio of seats for new builds and retrofits.
Called Adient Aerospace, the company will develop the new products in Kaiserslautern, Germany. Customer service is based in Seattle.
Alan Wittman, formerly director of business operations for Boeing’s 787 Dreamliner program is the JV's ceo.
The seat specialist has a 50.01% share of the jv and expects to record its financial performance in its consolidated financial statements. Both Adient and Boeing will sit on the board of the joint venture.