- Reuters
Airbus says to get $559 million compensation under Spirit Aero deal
Europe's Airbus on Monday set out the terms under which it plans to buy certain loss-making activities of Spirit AeroSystems as part of a planned wider break-up of the supplier between Airbus and rival Boeing. The deal involves Airbus taking over work at loss-making plants that supply key parts for its A220 and A350 passenger jets. Airbus will be compensated for agreeing to take on the work by a payment of $559 million from Spirit, while it will pay a nominal sum of $1 for the assets, depending on the final outline of the deal, it said in a statement.
- Bloomberg
Boeing to Buy Spirit Aero for $4.7 Billion in Stock Deal
(Bloomberg) -- Boeing Co. agreed to buy back Spirit AeroSystems Holdings Inc. for $37.25 a share in an all-stock deal that values the supplier at $4.7 billion, unwinding a two-decade separation as the embattled US planemaker tries to fix is manufacturing defects.Most Read from BloombergJustice Department to Charge Boeing, Seeks Guilty Plea from PlanemakerLe Pen’s Far Right Wins First Round, Chases French MajorityTrump as President or Private Citizen: Why Supreme Court’s Immunity Ruling Is a Test
- Reuters
Boeing restarts new plane deliveries to China
Boeing has restarted wide-body jet deliveries to China that were halted in recent weeks due to a Chinese regulatory review which also stalled new narrow-body deliveries by the U.S. planemaker, according to flight tracking data and two sources. All Boeing deliveries to China are now set to resume, a source told Reuters. New Boeing deliveries to China have been off and on since 2019 after two fatal crashes of MAX 8 jets and amid intensifying tensions over issues ranging from technology to national security between Washington and Beijing.
