Boeing nearing deal with Spirit AeroSystems after prolonged negotiations
The deal comes after Spirit AeroSystems made significant strides in separate discussions with Airbus over a transatlantic breakup of the beleaguered supplier, according to insiders familiar with the matter.
However, the talks hit a roadblock due to Spirit's work for Airbus. The European group had threatened to obstruct any deal that involved Boeing manufacturing parts for its latest models. Boeing and Airbus have managed to divide Spirit's programs into work that Boeing will reclaim, along with work that Airbus, the European planemaker rival, will take over. A third category of programs might be sold or handled separately, one source added.
Airbus, previously seen as the main obstacle to a deal, is reportedly making"good progress" in its discussions with Spirit. One source indicated that an agreement over Spirit's Airbus-related assets is more likely than not before Airbus' mid-year earnings in July.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FAA probing suspect titanium parts used in some Boeing and Airbus jetsFuselage maker Spirit AeroSystems said documents for some aircraft parts that entered production were falsified.
Read more »
Exclusive-Boeing nearing deal with supplier Spirit Aero after months of talks, sources sayExclusive-Boeing nearing deal with supplier Spirit Aero after months of talks, sources say
Read more »
Boeing firefighters reject Boeing's latest contract offerOn Wednesday, Boeing firefighters rejected the company's latest contract offer in union negotiations.
Read more »
Families of victims who died in Boeing 737 Max 8 crashes urge DOJ to prosecute BoeingFamilies of those who died in two deadly Boeing crashes are pushing the Department of Justice to prosecute Boeing on criminal charges.
Read more »
As Boeing looks to buy a key 737 supplier, a whistleblower says the problems run deepBoeing says a deal to buy fuselage-maker Spirit AeroSystems will help it control quality and safety. But a whistleblower who worked at Spirit for over a decade warns its problems won’t be easy to fix.
Read more »
As Boeing looks to buy a key 737 supplier, a whistleblower says the problems run deepBoeing says a deal to buy fuselage-maker Spirit AeroSystems will help it control quality and safety. But a whistleblower who worked at Spirit for over a decade warns its problems won’t be easy to fix.
Read more »