Brussels: In a significant development for the aerospace industry, Boeing has received antitrust approval from the European Union for its $4.7 billion acquisition of Spirit AeroSystems. This approval comes after Boeing agreed to divest certain Spirit businesses to address competition concerns.

The acquisition, announced in July 2024, aims to streamline Boeing's operations and enhance quality control by reacquiring a key supplier it had spun off years earlier. However, the European Commission expressed concerns that the deal could significantly reduce competition in the global aerostructure market and the large commercial aircraft sector.

To address these concerns, Boeing has agreed to sell all of Spirit's businesses that currently supply aerostructures to Airbus. Additionally, Boeing w

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