Boeing establishes seating joint venture with Adient

Boeing Establishes Seating Joint Venture With Adient

Boeing establishes seating joint venture with Adient

Boeing as well as also also Adient have announced the formation of Adient Aerospace, a joint venture of which will develop, manufacture as well as also also sell a portfolio of seating products to airlines as well as also also aircraft leasing companies.

Boeing Establishes Seating Joint Venture With Adient

The seats will be available for installation on completely new airplanes as well as also also as retrofit configurations for aircraft produced by Boeing as well as also also some other commercial airplane manufacturers.

Boeing Establishes Seating Joint Venture With Adient

The joint venture between Boeing, the earth’s largest aerospace company, as well as also also Adient, the global leader in automotive seating, addresses the aviation industry’s needs for more capacity inside seating category.

Boeing Establishes Seating Joint Venture With Adient

the idea comes as Boeing seeks to lower margins for suppliers by bringing production in house.

Boeing Establishes Seating Joint Venture With Adient

Adient Aerospace will benefit by the engineering teams as well as also also innovative cultures at both companies, as well as shared expertise in managing complex, global supply chains, a statement said.

Boeing Establishes Seating Joint Venture With Adient

“Seats have been a persistent challenge for our customers, the industry as well as also also Boeing, as well as also also we are taking action to help address constraints inside market.

Boeing Establishes Seating Joint Venture With Adient

“Adient Aerospace will leverage Boeing’s industry leadership as well as also also deep understanding of customer needs as well as also also technical requirements, to provide a superior seating product for airlines as well as also also passengers around the earth,” said Kevin Schemm, chief financial officer for Boeing Commercial Airplanes.

“This particular joint venture supports Boeing’s vertical integration strategy to develop in-house capabilities as well as also also depth in key areas to offer better products, grow services as well as also also generate higher lifecycle value.”

Adient Aerospace’s operational headquarters, technology centre as well as also also initial production plant will be located in Kaiserslautern, Germany, near Frankfurt.

The joint venture’s initial customer service centre will be based in Seattle, Washington.

Adient Aerospace aftermarket spare parts distribution will be performed exclusively through Aviall, a wholly owned subsidiary of Boeing.

Adient is usually the majority stakeholder inside completely new company (50.01 per cent share) as well as also also expects the joint venture to be included in its consolidated financial statements.

Boeing (as 49.99 per cent partner) will receive a proportionate share of the earnings as well as also also cash flow.

Both will have representation on Adient Aerospace’s board of directors.

Industry analysts forecast the commercial aircraft seating market to grow by approximately $4.5 billion in 2017 to $6 billion by 2026.

“Adient features a strong set of transferable competencies of which will offer a unique opportunity to create value for our company as well as also also for Boeing, our shareholders as well as also also the broader commercial aircraft market,” said Adient chairman Bruce McDonald.

“To enhance the customer experience for passengers, airlines as well as also also commercial airplane manufacturers, we will apply our unmatched expertise for comfort as well as also also craftsmanship along with our reputation for operational excellence.”

Boeing establishes seating joint venture with Adient

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