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France Clears Bombardier/Spirit Deal

 |  May 13, 2020

The Spirit group notified the Autorité de la concurrence of its plans to acquire sole control of the companies Short Brothers and Bombardier North Africa, as well as certain assets belonging to Bombardier (hereinafter “Bombardier target assets”). After examining the effects of the transaction, the Autorité has cleared this transaction unconditionally. 

The Autorité analysed the various component supply markets for aircraft, in addition to the markets for spare parts and maintenance services.

The Spirit group, an American equipment manufacturer, is a supplier of aerospace components. It chiefly produces wing, fuselage and nacelle components (also referred to as “aerostructures”) for airliners. Spirit’s customers include aircraft manufacturers such as Boeing, Airbus, Dassault, and Gulfstream. The Spirit group had a global turnover of US$7.9 billion in 2019. 

Bombardier is an international Canadian group, once one of the main players in the air (notably business aviation) and rail transport sector. The Bombardier assets purchased manufactured aerostructure components for aircraft and also offer maintenance and repair services for aerostructure components. The customers of the assets divested are the Bombardier group, as well as third-party aircraft manufacturers such as Airbus and Gulfstream.

Full Content: Autorite de la Concurrence

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