European regulators have approved a joint venture between Boeing and the US vehicle seating firm Adient.

The European Commission says the tie-up will “raise no competition concerns”.

It states that the overlaps between the two companies’ activities is “limited” because Boeing does not manufacture seats.

Adient develops and manufactures seating systems for cars and trucks but is not active in the production of aircraft seating.

Despite Boeing’s strong position in the production of civil aircraft, the transaction is “unlikely” to lead to competing seat manufacturers being “shut out” of the market, owing to the presence of three large players.

Boeing’s tie-up with Adient will create a new entrant to the market, says the Commission.

Source: Cirium Dashboard