Airbus says to get $559 mln compensation under Spirit Aero deal
The Airbus A350-1000 seen in the aerial display during the media preview of the Singapore Airshow in Singapore, 13 February 2022. Photo: Reuters
Europe's Airbus on Monday set out the terms under which it will buy certain loss-making activities of Spirit AeroSystems as part of a planned wider break-up of the supplier between Airbus and Boeing.
Airbus will be compensated by 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 deal, it said in a statement.
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