Airbus to receive $559 million in compensation in Spirit Aero deal – 01/07/2024 at 06:27

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((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

The European group Airbus

AIR.PA on Monday defined the conditions under which it will buy certain loss-making activities of Spirit AeroSystems

SPR.N as part of a broader supplier breakup project between Airbus and Boeing BA.N .

Airbus will be compensated with a payment of $559 million from Spirit AeroSystems, while it will pay a nominal sum of $1.00 for the assets, depending on the final outline of the agreement, Airbus said in a statement.

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