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Airbus Will Buy Spirit AeroSystems' US and UK Assets as It Carves up the Supplier With Boeing | CNN Business
Spirit AeroSystems to Divest Certain Assets to Airbus; Secures $200 Million Credit Line
Airbus finalizes the long-awaited acquisition agreement for Spirit Aero.
European aircraft manufacturer Airbus and USA's Boeing supplier Spirit AeroSystems announced on Monday that they have reached a final agreement on the acquisition of certain Assets, marking a key progress in the restructuring case of this troubled transatlantic supplier. According to the agreement, Boeing will repurchase its Spirit Aero fuselage manufacturing business that it divested 20 years ago for $4.7 billion in Share Buyback, while Airbus will take over the company’s Europe-focused and ongoing loss-making business. Both companies stated in their respective announcements that Airbus will provide Spirit with a total of $0.2 billion in interest-free loans.
Airbus to Acquire Commercial Aircraft Program-related Industrial Assets From Spirit AeroSystems
Airbus Has Agreed to Provide Spirit With $200M in Non-Interest-Bearing Lines of Credit to Support Airbus Programs >SPR
Spirit: Agreement a Significant Milestone as Company Works Toward Closing Boeing Deal >SPR
