Spirit AeroSystems - VibeWire Magazine

Trading Stock: Boeing Can’t Afford Cash Buy Of Spirit AeroSystems

Reportedly, Boeing has switched its all-cash offer to a stock-based transaction to acquire Spirit AeroSystems.

A deal could reportedly be made in the coming days or weeks.

A Boeing executive has provided an update on the Spirit AeroSystems acquisition and other developments within its commercial aircraft business.

A webinar this Friday looks to educate employees on US whistleblower law.

Spirit will shed hundreds of workers after taking losses amid the whirlwind of problems from Boeing’s 737 MAX woes.

While he left Spirit AeroSystems in mid-2022, he was adamant that the Alaska Airlines door plug blowout happened because of quality lapses.

Negotiations with Boeing and Airbus drove financial losses in the first quarter.

The whistleblower previously worked at Spirit AeroSystems before he was let to from the Tier 1 Supplier.

Discussions are reportedly ongoing, although the outcome is uncertain.

The A220 wings are manufactured at Spirit’s Belfast plant in Northern Ireland.