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4w ago

Airbus Finalizes Acquisition of Key Spirit AeroSystems Assets

The $439 million deal secures critical production sites for Airbus as Boeing’s $4.7 billion Spirit repurchase progresses toward mid-2025 completion.

The logo of Airbus is pictured outside the Airbus facility in Saint-Nazaire, France, November 7, 2023. REUTERS/Stephane Mahe/File Photo
Spirit AeroSystems headquarters is seen in Wichita, Kansas, U.S. December 10, 2024.
The deal for the Belfast plant is complex and has created uncertainty for many employees
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Overview

  • Airbus has completed the acquisition of Spirit AeroSystems' European and other production sites, including facilities in Northern Ireland, Morocco, and France.
  • The agreement involves Airbus paying $439 million for the assets and providing $200 million in non-interest-bearing credit lines to Spirit.
  • Boeing’s $4.7 billion acquisition of Spirit AeroSystems, announced in 2024, remains on track for finalization by mid-2025.
  • Spirit AeroSystems continues to face financial challenges, projecting a cash burn of $650 million to $700 million in the first half of 2025.
  • This strategic realignment aims to stabilize global aerospace supply chains, addressing persistent quality and delivery issues at Spirit AeroSystems.