Europe's Airbus on Monday set out the terms under which it plans to buy certain loss-making activities of Spirit AeroSystems as part of a planned wider break...
PARIS - Europe's Airbus on Monday set out the terms under which it plans to buy certain loss-making activities of Spirit AeroSystems as part of a planned wider break-up of the supplier between Airbus and rival Boeing .
The European planemaker did not specify the mechanism of compensation, which stems from the financial condition of activities it is acquiring as a result of Spirit's decision to sell the rest of the company back to its one-time owner Boeing.Airbus, which last week trimmed delivery and production forecasts, said the deal would "ensure stability of supply for its commercial aircraft programmes through a more sustainable way forward, both operationally and financially".
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