Airbus nears deal on funding, payment terms with Spirit Aero, source says

Published 11/12/2024, 12:04 PM
Updated 11/12/2024, 12:09 PM
© Reuters. FILE PHOTO: The headquarters of Spirit AeroSystems Holdings Inc, is seen in Wichita, Kansas, U.S. December 17, 2019. REUTERS/Nick Oxford/File Photo
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(Reuters) - Airbus is poised to finalise an agreement as early as Wednesday with struggling aerospace supplier Spirit Aerosystems on fresh funding and revised payment terms, a person familiar with the matter said.

© Reuters. FILE PHOTO: The headquarters of Spirit AeroSystems Holdings Inc, is seen in Wichita, Kansas, U.S. December 17, 2019. REUTERS/Nick Oxford/File Photo

Spirit Aero, which said last week it was negotiating possible advances from its customers, did not immediately respond to a request for comment. The company announced earlier it had reached a deal for new advances from Boeing (NYSE:BA).

An Airbus spokesperson said it had “no comment on any potential support we may provide to our suppliers”.

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