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3h ago

Airbus Finalizes Acquisition of Spirit AeroSystems Assets Across Five Countries

The deal secures key production facilities for Airbus and leaves thousands of Belfast jobs in limbo as Boeing's reacquisition of Spirit continues 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 finalized a deal to acquire Spirit AeroSystems facilities in Belfast, Prestwick, Kinston, Wichita, Saint-Nazaire, and Casablanca, subject to regulatory approval for a Q3 2025 close.
  • The agreement includes a $439 million payment from Spirit to Airbus and the extension of $200 million in credit lines by Airbus to support Spirit's operations.
  • Airbus aims to stabilize supply chains for its A220, A320, and A350 aircraft by integrating these facilities into its production system.
  • Unions have raised concerns about the future of 2,000 non-Airbus jobs in Belfast, calling for government intervention to safeguard employment at Northern Ireland's largest aerospace site.
  • Boeing's $4.7 billion stock deal to reacquire Spirit AeroSystems remains on track for completion by mid-2025, marking a coordinated carve-up of the supplier by the two aerospace giants.