- 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 PlanemakerTrump as President or Private Citizen: Why Supreme Court’s Immunity Ruling Is a TestLe Pen’s Far Right Wins First Round, Chases French Majority
- 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.
