Airbus CEO: Negotiations to acquire part of spirit aerosystems business are progressing smoothly.
On November 20, Guolonghui reported that Guillaume Faury, CEO of the European aircraft manufacturer Airbus, stated that negotiations regarding the acquisition of part of the business of the struggling American aircraft structure supplier spirit aerosystems are progressing smoothly, but integrating it into Airbus is "not easy." Airbus plans to take over the operation of four spirit factories related to the A350 and A220 jet projects, as part of a plan to coordinate the split of the company with boeing. This rare collaboration between competitors reflects concerns that have arisen nearly 20 years after being separated from boeing.
Express News | Spirit AeroSystems - Tex-Tech Industries Is Required to Pay Co Termination Fee of $35 Mln if Agreement Is Terminated in Specified Circumstances
Barclays Maintains Spirit Aerosystems(SPR.US) With Hold Rating, Maintains Target Price $37
Spirit AeroSystems (SPR) Receives a Hold From Barclays
Spirit AeroSystems to Sell Fiber Materials Unit for $165M -- Update
Express News | Spirit AeroSystems Holdings Inc - to Sell Fmi to Tex-Tech for $165 Million