Boeing (BA) is seeking European Union approval to acquire Spirit AeroSystems (SPR), multiple news outlets reported Thursday, citing an official European Commission document.

The proposed deal, valued at $4.7 billion in shares, was reportedly announced in July 2024, with Airbus set to take on Spirit's loss-making European operations.

The European Commission is expected to decide on the acquisition by September 30, the news outlets reported.

Britain's competition regulator cleared the deal earlier this month, choosing not to conduct an in-depth investigation, the media outlets reported.

The acquisition would make Boeing the owner of the world's largest standalone aerostructures company, the outlets reported, citing the document.

Boeing, Spirit AeroSystems, and the European Commission did not immediately respond to MT Newswires' request for comment.