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Finance

Airbus expects to finalise Spirit Aero deal this month, CFO says

Published by Global Banking & Finance Review

Posted on April 15, 2025

1 min read

· Last updated: April 15, 2025

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Airbus Set to Finalize Spirit AeroSystems Deal by June 30

(Reuters) - Airbus expects to finalise an agreement to buy part of the assets of Spirit AeroSystems by the end of the April and close the deal by mid-year, "ideally by June 30", Chief Financial Officer Thomas Toepfer told shareholders.

Airbus has been negotiating for around a year to take over work carried out by at least four plants as part of a rare carve-up of the struggling aerostructures company with rival U.S. planemaker Boeing.

(Reporting by Tim Hepher; Editing by Alison Williams)

Key Takeaways

  • Airbus plans to finalize the Spirit AeroSystems deal by June 30.
  • Negotiations have been ongoing for about a year.
  • The deal involves taking over work from at least four plants.
  • This is part of a rare carve-up with Boeing.
  • Airbus CFO Thomas Toepfer confirmed the timeline.

Frequently Asked Questions

What is the main topic?
The article discusses Airbus's plan to finalize a deal to acquire assets from Spirit AeroSystems by June 30, 2023.
Who is involved in the deal?
The deal involves Airbus and Spirit AeroSystems, with Boeing also part of the negotiations.
What is the significance of the deal?
The deal marks a significant move in the aerospace industry, highlighting Airbus's strategic expansion.

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