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Boeing set to win conditional EU okay for $4.7 billion Spirit deal, sources say
Boeing plans to sell some Spirit AeroSystems businesses to Airbus as part of EU antitrust remedies in the $4.7 billion deal, aiming to resolve industry challenges.
- Boeing is poised to secure EU antitrust clearance for its $4.7 billion acquisition of Spirit AeroSystems, with the European Commission scheduled to decide by October 14.
- Last year, Boeing, U.S. planemaker, announced the deal to streamline operations and improve quality control after spinning off Spirit AeroSystems, former Boeing subsidiary, amid a sprawling corporate and industrial crisis.
- Boeing and Spirit AeroSystems proposed divestments covering Spirit’s Europe-focused activities to Airbus and operations in Prestwick, Scotland, Subang, Malaysia, and Belfast.
- Britain’s competition agency cleared the deal without conditions in August, and Boeing and Spirit AeroSystems declined to comment as EU scrutiny continues ahead of the October 14 decision.
- If approved, the deal would reintegrate Spirit AeroSystems, former Boeing unit, reversing a spin-off and helping Boeing resolve a sprawling corporate and industrial crisis involving industry suppliers.
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Boeing set to win conditional EU okay for $4.7 billion Spirit deal, sources say
Boeing is set to gain EU antitrust approval for its $4.7 billion acquisition of Spirit AeroSystems , with remedies to address EU concerns expected to include sales of some of the latter's businesses, people with direct knowledge of the matter said.
·United Kingdom
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Total News Sources6
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 16%
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