Airbus has called for financial compensation to take on money-losing operations from Spirit AeroSystems, a demand that has emerged as one obstacle to a tie...
- Airbus has called for financial compensation to take on money-losing operations from Spirit AeroSystems, a demand that has emerged as one obstacle to a tie-up deal between the supplier and its main customer Boeing , people familiar with the matter said.
It was not clear how the talks progressed or whether any of the obstacles were resolved. The world’s dominant aircraft makers have been exploring how to untangle their respective ties with Spirit through a carefully timed "framework" deal to split operations, Reuters reported in April. The sources did not give financial details, but industry sources have said a UK Airbus plant run by Spirit needs a $1 billion-plus re-investment to dig it out of losses.
ST. JOHN'S, N.L. — Investigators from the Transportation Safety Board of Canada were in St. John's, N.L., Wednesday after a plane overshot the main runway at the city's airport. PAL Airlines confirmed the turboprop plane involved was chartered from the company, and that it went slightly beyond the runway during a landing, before it came to a stop.
Blurred Out The China National Space Administration has shown off a CGI video of its vision of a lunar base, a vastly ambitious plan the country is hoping to realize in a matter of decades.
Boeing Airbus Financial Compensation Operations Industry Sources
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boeing Bid for Spirit AeroSystems Hits Snag Over Airbus AssetsBoeing Co.’s plan to buy back supplier Spirit AeroSystems Holdings Inc. has become a protracted process over pricing for factories that make components for Airbus SE, complicating the US planemaker’s efforts to gain tighter control over manufacturing quality.
Read more »
Boeing, Spirit Aerosystems deal could be turnaround it needsBoeing's (BA) issues continue to mount as the aerospace manufacturer grapples with shrinking orders, a growing backlog of orders it needs to fulfill, and...
Read more »
Spirit AeroSystems says it has a new plan to address Boeing 737 MAX parts demandBoeing is under pressure to restore slumping production of its strong-selling narrowbody jet
Read more »
Boeing supplier Spirit AeroSystems sues to block Texas safety probeAirline parts manufacturer Spirit AeroSystems has asked a U.S. judge to block a probe by Texas Attorney General Ken Paxton, calling the state's demand for...
Read more »
Boeing supplier Spirit AeroSystems sues to block Texas safety probeExplore stories from Atlantic Canada.
Read more »
Exclusive-Spirit AeroSystems limits overtime and hiring as Boeing 737 output dropsBoeing's key supplier Spirit AeroSystems is limiting overtime and hiring as production declines due to lower output of 737 MAX jets, Spirit told Reuters on...
Read more »