Reported over 1 year ago
Airbus is purchasing assets from Spirit AeroSystems for $1, with an additional sweetener of $559 million. These assets include a wing plant in Ireland and factories in North Carolina and France that supply its A350 widebody model. The deal was part of a multi-party agreement involving Boeing, and the assets acquired are crucial for Airbus' aircraft programs. Airbus aims to increase production of the A220 to 14 a month by 2026 after acquiring a majority stake in the program in 2020.
Source: YAHOO