Edition:
United States

Boeing, Adient Launch New Company To Design And Build Airplane Seats


Tuesday, 16 Jan 2018 04:16pm EST 

Jan 16 (Reuters) - Adient Plc ::BOEING, ADIENT LAUNCH NEW COMPANY TO DESIGN AND BUILD AIRPLANE SEATS.BOEING - CO, ADIENT FORMED ADIENT AEROSPACE, JV THAT WILL DEVELOP, MANUFACTURE, SELL SEATING PRODUCTS TO AIRLINES & AIRCRAFT LEASING COS.BOEING - ‍ADIENT IS MAJORITY STAKEHOLDER IN NEW CO (50.01 PERCENT SHARE) & EXPECTS JOINT VENTURE TO BE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS​.BOEING- SEATS TO BE AVAILABLE FOR INSTALLATION ON NEW AIRPLANES, AS RETROFIT CONFIGURATIONS FOR AIRCRAFT BY CO,OTHER COMMERCIAL AIRPLANE MANUFACTURERS.BOEING - ADIENT AEROSPACE'S OPERATIONAL HEADQUARTERS, TECHNOLOGY CENTER AND INITIAL PRODUCTION PLANT WILL BE LOCATED IN KAISERSLAUTERN.BOEING - JOINT VENTURE'S INITIAL CUSTOMER SERVICE CENTER WILL BE BASED IN SEATTLE, WASHINGTON.BOEING - ADIENT AEROSPACE AFTERMARKET SPARE PARTS DISTRIBUTION WILL BE PERFORMED THROUGH AVIALL, A UNIT OF BOEING.BOEING - CO, ADIENT PLC WILL HAVE REPRESENTATION ON ADIENT AEROSPACE'S BOARD OF DIRECTORS. 

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25.91
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18 Apr 2019