Boeing's Acquisition of Spirit AeroSystems Gets Conditional EU Approval
The European Commission has conditionally approved Boeing's planned acquisition of Spirit AeroSystems Holdings, following an in-depth review under the EU Merger Regulation.
The commission concluded that the deal "would no longer raise competition concerns" as Boeing must comply with several measures intended to maintain competition in the aerostructures and large commercial aircraft sectors.
- The transaction was formally notified to the European Commission (EC) in August this year.
- Boeing finalised a $4.7bn agreement to buy Spirit AeroSystems in July 2024.
- Spirit AeroSystems manufactures aerostructures used by several commercial aircraft manufacturers, including both Boeing and Airbus.
The deal "would no longer raise competition concerns"
Author's summary: Boeing acquires Spirit with EU conditions.