Boeing and Adient on Tuesday announced the formation of Adient Aerospace, a joint venture that will develop, manufacture and sell seating products to airlines and aircraft leasing companies.

The seats will be available for installation on new airplanes and as retrofit configurations for aircraft produced by Boeing and other commercial airplane manufacturers.

The joint venture between Boeing and Adient addresses the aviation industry's needs for more capacity in the seating category, superior quality and reliable on-time performance.

Adient Aerospace will benefit from the world-class engineering teams and innovative cultures at both companies, as well as shared expertise in managing complex, global supply chains.

Boeing says the joint venture supports its vertical integration strategy to develop in-house capabilities and depth in key areas to offer better products and grow services.

Adient Aerospace's operational headquarters and initial production plant will be located in Kaiserslautern, near Frankfurt, Germany. Initial customer service center will be in Seattle, Washington.

Adient Aerospace aftermarket spare parts distribution will be performed exclusively through Aviall, a wholly owned subsidiary of Boeing.

Adient is the majority stakeholder in Adient Aerospace with 50.01 percent share while Boeing has 49.99 percent share.

Adient is the global leader in automotive seating. With 237 manufacturing/assembly plants in 33 countries, Adient produces automotive seating for all vehicle classes and all major OEMs.

According to industry analysts, the commercial aircraft seating market is expected to grow from approximately $4.5 billion in 2017 to $6 billion by 2026.

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