Brussels – The European Commission has approved the aircraft seat joint-venture between Boeing and Adient.
The JV will design, develop, make and sell seats for commercial aircraft. The EC concluded that the proposed acquisition would not raise competition concerns. This is because Boeing makes commercial and military aeroplanes.
The company resells aircraft seats on the minority of its aircraft, said the EC. Boeing makes a large number of aircraft, but the deal is not likely to shut out other seating suppliers to this market, according to the Commission.
Adient's involvement was not a problem, because it does not yet make aeroplane seats.
The Commission said that before the JV was announced, there were three large players in the market. The JV creates a fourth.
The Boeing, Adient aeroplane seating joint venture started trading on 15 October 2018 and will be focusing on lay-flat business class seats.
