Boeing enters Into the Airplane Parts Business.

Boeing is moving into airplane parts business, as part of a broad effort to cut costs and secure a new source of revenue.

In the past, airlines could purchase parts directly from one of Boeing’s largest suppliers, Spirit AeroSystems.

But in late February, Boeing quietly stopped Spirit from selling parts such as engine thrust reversers and other large parts directly to airlines, according to both companies. Boeing said it also stopped granting new licenses to suppliers to sell proprietary parts to its airline customers.
The initial sale of a jetliner is a comparatively smaller portion of the revenue that aircraft will generate during their multi-decade life. The greater proportion of revenue on any single plane comes from the lifetime maintenance and parts that range from fire extinguishers and seat belts to on-board computers and landing gear shared across hundreds of companies.

These parts at airlines and maintenance facilities can fetch up to 4.5 times more than what Boeing pays for the parts during initial production, according to one supply-chain official.
Now onwards Boeing will directly control the sales and distribution of parts.

Courtesy : Wall Street Journal