According to an update on the European Commission’s website, Boeing has offered remedies in pursuit of clearance for its proposed $4.7 billion takeover of Spirit AeroSystems, Reuters reported.
The U.S. planemaker announced the transaction in July 2024, describing it as a strategic move to regain control over its key supplier, the world’s largest independent manufacturer of aerostructures. As part of the arrangement, Airbus is set to assume responsibility for Spirit’s Europe-focused operations, which have been loss-making in recent years.
The Commission, which serves as the European Union’s competition authority, did not disclose details of the remedies in line with its standard confidentiality policy. However, it confirmed that the deadline for a decision on the case has been extended to October 14.
Boeing previously stated that Airbus’s assumption of Spirit’s European activities would take place concurrently with the closing of its own acquisition. Spirit is also expected to divest several sites, including facilities in Prestwick, Scotland, and Subang, Malaysia, which support Airbus programmes, as well as operations in Belfast not tied to Airbus contracts.
The Commission is now expected to conduct a market test of Boeing’s proposed concessions before deciding whether the remedies sufficiently address potential competition concerns. Should significant issues remain, regulators could open an in-depth, four-month investigation.
In contrast, the UK’s Competition and Markets Authority (CMA) cleared the deal unconditionally in August, signaling a divergence in regulatory approaches between London and Brussels.
The outcome of the Commission’s review will be closely watched by both the aviation industry and investors, as the deal is considered pivotal for Boeing’s efforts to stabilize its supply chain and regain competitive footing against Airbus.
