Among the prime targets of the recently unveiled seating joint venture between Boeing and Adient is Safran, which is in the process of closing its acquisition of interiors specialist Zodiac Aerospace. If Safran CEO Philippe Petitcolin is nervous, he's masking it well. "It's another competitor," Petitcolin told analysts on a recent earnings call. One that, in his view, has the disadvantage of also being in the aircraft-manufacturing game. "Don't forget one thing: most of the [interiors] ...

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