50 SKY SHADES - World aviation news

Boeing, Adient Launch New Company to Design and Build Airplane Seats

Download: Printable PDF Date: 17 Jan 2018 06:17 category:
Publisher:
Boeing, Adient Launch New Company to Design and Build Airplane Seats - Manufacturer publisher
Tatjana Obrazcova
Country: United States Aircraft: Airplanes

Adient Aerospace will develop, manufacture and sell a portfolio of seating products to airlines and leasing companies

Boeing and Adient announced the formation of Adient Aerospace, a joint venture that will develop, manufacture and sell a portfolio of seating products to airlines and aircraft leasing companies. The seats will be available for installation on new airplanes and as retrofit configurations for aircraft produced by Boeing and other commercial airplane manufacturers. 

The joint venture between Boeing, the world's largest aerospace company, and Adient, the global leader in automotive seating, addresses the aviation industry's needs for more capacity in the seating category, superior quality and reliable on-time performance. Adient Aerospace will benefit from the world-class engineering teams and innovative cultures at both companies, as well as shared expertise in managing complex, global supply chains. 

"Seats have been a persistent challenge for our customers, the industry and Boeing, and we are taking action to help address constraints in the market. Adient Aerospace will leverage Boeing's industry leadership and deep understanding of customer needs and technical requirements, to provide a superior seating product for airlines and passengers around the world," said Kevin Schemm, senior vice president of Supply Chain Management, Finance & Business Operations and chief financial officer for Boeing Commercial Airplanes. "This joint venture supports Boeing's vertical integration strategy to develop in-house capabilities and depth in key areas to offer better products, grow services and generate higher lifecycle value."

"Adient has a strong set of transferable competencies that will offer a unique opportunity to create value for our company and for Boeing, our shareholders and the broader commercial aircraft market," said Adient chairman and CEO Bruce McDonald. "To enhance the customer experience for passengers, airlines and commercial airplane manufacturers, we will apply our unmatched expertise for comfort and craftsmanship along with our reputation for operational excellence."

Adient Aerospace's operational headquarters, technology center and initial production plant will be located in Kaiserslautern, Germany, near Frankfurt. The joint venture's initial customer service center 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 the majority stakeholder in the new company (50.01 percent share) and expects the joint venture to be included in its consolidated financial statements. Boeing (as 49.99 percent partner) will receive a proportionate share of the earnings and cash flow. Both will have representation on Adient Aerospace's board of directors.

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



Loading comments for Boeing, Adient Launch New Company to Design and Build Airplane Seats...


Recommended

300th Jet ConneX System installed for Customer Satisfaction

300th aircraft with Jet ConneX... it is a milestone, an achievement, a reason to celebrate and to talk more about that revolutionary inflight broadband service. According to Inmarsat, own...

A Joint International Training by Gazpromneft-Aero and IATA

The only international training seminar of its kind in Eastern Europe dedicated to the jet fuel supply to airports will be held by Gazpromneft-Aero in cooperation with IATA Fuel Quality...

Happy centenary to GKN Fokker!

On 21 July, GKN Fokker marks its centenary. Exactly 100 years ago, aviation pioneer Anthony Fokker registered the ‘’Nederlandsche Vliegtuigenfabriek’’ which led to the formatio...

Austrian Airlines fleet development takes shape - Six Additional Airbus A320

Austrian Airlines will get six additional Airbus A320 starting by August 2019. Jets will gradually replace turboprops. The fleet development announced in January 2019 is taking shape now:...