Quantcast

Boeing acquires Spirit AeroSystems; plans asset sale to Airbus

GLOBAL INDUSTRY NEWS
Engine maker agrees to compensate WizzAir for grounded planes
Turkish Airlines’ flights are riddled with bedbugs, passengers say
China steps up drive to break Boeing, Airbus grip on plane market
Airline praises pilots in crash-landing where both died but nearly half the passengers survived
Mexico state airline to buy five Embraer planes next year
A record number of people are expected to fly over the holidays. That's good for travel stocks, but not for passengers.
American Airlines technical issue sparks travel chaos on Christmas Eve as flights heavily delayed after being grounded
Why United Airlines has had such a stellar year despite being Boeing's biggest customer
JetBlue nixing routes between multiple major cities, reducing several others
Airline Stocks Led The Travel Industry's Record 2024 Rally. Here's What's Next.
It’s beginning to look like another record for holiday travel
Qatar Airways cleans up at the World Travel Awards
All of the strikes at European airports this winter – find out if you are affected
Meet the CEO trying to turn around Air India, the 92-year-old airline with a pile of problems
Skiplagging: Unpacking the Risky Travel Trend That Involves Tricking Airlines
Qantas engineers walk off job on one of the busiest travel days of the year
South Korea to safeguard competition after Korean Air, Asiana merger
China Southern returns to Adelaide
Global Airline Industry Revenues Forecast To Top $1 Trillion For First Time In 2025
EasyJet to launch six new routes from the UK next year with £24 flights
Here's Why Analysts Say It's a Good Time to Buy Airline Stocks
A No-Frills Airline Is Getting Into the Premium Game
TAKING OFF: Major airline introduces new inflight service rules with less time to order your drinks
2 Delta flight attendants fail breathalyzer test before flight to JFK
EasyJet reveals plans for new flights from regional UK airport next summer
Airlines not switching quickly enough to green jet fuel, study says
Alaska Airlines tech issue briefly grounds planes in Seattle, disrupts bookings on Cyber Monday
US Senate panel criticizes rising airline seat fees, will call execs to testify
Spirit’s Demise Is a Lesson in ‘Airline-o-nomics’
Inside BA’s new first-class suites: £800 an hour for most private seat
Global Industry News
Boeing acquires Spirit AeroSystems; plans asset sale to Airbus
Webp qj5munmfs624bdp2bm4w8syr8zw8
Joe Petrie Editor & Chief | AviationPros

Spirit AeroSystems has confirmed a merger agreement with The Boeing Company, where Boeing will acquire Spirit for $37.25 per share in Boeing common stock. This acquisition values Spirit at approximately $4.7 billion in equity and an enterprise value of about $8.3 billion, considering the company's net debt. The offer marks a 30% premium over Spirit's stock price on February 29, 2024.

Patrick M. Shanahan, president and CEO of Spirit, expressed confidence in the deal's benefits for shareholders and other stakeholders, highlighting the integration potential of both companies' manufacturing and engineering capabilities.

Additionally, Spirit disclosed a binding term sheet with Airbus SE to negotiate the sale of certain assets serving Airbus programs alongside Boeing's acquisition closure. Shanahan stated that this move would enhance program integration under Airbus ownership.

Get the Newsletter
Sign-up to receive weekly round up of news from Sky Industry News
Subscribe
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Under the merger terms with Boeing, Spirit shareholders will receive shares based on an exchange ratio linked to Boeing's average share price prior to closing. The ratio varies depending on Boeing’s stock price but includes defined floor and ceiling limits.

The merger agreements with Boeing and Airbus received unanimous approval from Spirit's Board of Directors. Both deals are contingent upon regulatory approvals and shareholder consent, with expected completion by mid-2025.

Spirit also intends to divest operations in Subang (Malaysia), Prestwick (Scotland), and Belfast (Northern Ireland) related to non-Airbus programs.

Morgan Stanley & Co. LLC is leading financial advisement for Spirit, assisted by Moelis & Company LLC, while Skadden, Arps, Slate, Meagher & Flom LLP provides legal counsel.

Organizations Included in this History
AviationPros
More News

Flying Food Group celebrates reaching 20,000 followers

Flying Food Group has announced reaching 20,000 followers.

Aug 5, 2025

Flying Food Group Miami honors employee achievements

Flying Food Group's Miami facility recently held an event to honor its Employee of the Month and celebrate work anniversaries.

Aug 5, 2025

Turkish Airlines evacuates Boeing 777 after landing gear smoke prompts emergency response

Yesterday, a Turkish Airlines Boeing 777-300ER was evacuated at Antalya Airport after smoke was seen coming from its landing gear while taxiing.

Aug 5, 2025

Alaska Airlines announces seven new West Coast routes launching by early January

Alaska Airlines has announced the addition of seven new routes across 12 cities in California, Oregon, Washington, and Idaho.

Aug 5, 2025

Ramp introduces integrated expense management platform for U.S. businesses

Ramp is offering a platform aimed at streamlining expense management for U.S.-based businesses with strong cash flow.

Aug 5, 2025

Congress debates future of Boeing E‑7 Wedgetail as US Air Force seeks alternatives

The Boeing E-7 Wedgetail has been identified as the primary replacement for the aging Boeing E-3 Sentry airborne early warning and control (AEW&C) aircraft, though its future with the United States Air Force (USAF) remains uncertain.

Aug 5, 2025

Aviation Comments
Loading...

No comments available.

Trending
1

Flying Food Group marks Armando de Santiago's retirement after 11 years in Denver

2

Flying Food Group highlights Ericelda Melendez's leadership at LAI facility

3

Flying Food Group Miami honors employee achievements

4

Flying Food Group celebrates reaching 20,000 followers