United Kingdom
United States
Asia Pacific
Boeing acquiring major supplier
Plane maker Boeing is bringing in-house one of its key manufacturing contractors.
Boeing has agreed a deal for $4.7bn to buy Spirit Aerosystems.
Spirit Aerosystems was previously a Boeing division but sold it two decades ago as part of a strategy to outsource functions.
Spirit Aerosystems at the center of the Boeing’s current problems.
It supplies fuselage and wing parts including the door panel that blew off mid-flight earlier this year.
Discussions to buy the company began just weeks after the January incident.
“By reintegrating Spirit, we can fully align our commercial production systems, including our safety and quality management systems,” said Boeing CEO Dave Calhoun.
The US Justice Department is set to charge Boeing with fraud.
Including debt, the total transaction cost of acquiring Spirit Aerosystems is about $8.3 billion.
Related News Stories: Ryanair welcomes Boeing management shakeup Thai Airways makes big Airbus order – TravelMole Saudia agrees big aircraft order with Airbus Air India unveils new rebrand Aer Lingus unveils new ‘Green Spirit’ livery Qantas buys remaining stake in TripADeal TravelMole Norse Atlantic inks Milan holiday flights partnership Norse Atlantic doubles passenger traffic in April TIPTO adds new 25th anniversary roadshow event
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled