A Boeing sign sits on a building near Boeing Field, as trade tensions escalate over U.S. tariffs with China, in Seattle, Washington, U.S. April 22, 2025.
David Ryder | Reuters
Boeingsecured EU antitrust approval on Tuesday for its $4.7 billion acquisition ofSpirit AeroSystemsafter agreeing to sell someSpiritbusinesses to address competition concerns.
The deal announced in July last year aims to helpBoeingstreamline its operations and improve quality control, years after it spun off the key airline supplier.
Boeingoffered remedies after the European Commission, which acts as the EU antitrust enforcer, said the deal would have significantly reduced competition in the global aerostructure market and in the large commercial aircraft sector.
The Commission said it acceptedBoeing’s offer to divest allSpirit’s businesses that currently supply aerostructures to Airbusto the European rival, confirming aReuters storylast week.
Boeingwill also sellSpirit’s site in Malaysia that supplies aerostructures to Airbus to Composites Technology Research Malaysia, allowing the Malaysian company to enter the market.
“Boeing’s commitments will preserve competition in this crucial market and enable the entry of a new rival, and ensure commercial aircraft makers get the parts they need at competitive prices,” EU antitrust chief Teresa Ribera said in a statement.
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