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Boeing identifies $1.9 billion asset shortfall after bringing Spirit AeroSystems in-house

Boeing says liabilities inherited through its acquisition of Spirit AeroSystems exceed identifiable assets by approximately $1.9 billion. The unexpected burden comes as Boeing integrates the supplier and works to accelerate production of the 737 MAX and 787, adding financial pressure to its manufacturing recovery.

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Swire accelerates Cathay Pacific stake cut to 39.2%

Swire has accelerated the reduction of its holding in Cathay Pacific, bringing its stake to 39.2%. The transaction reshapes the ownership profile of one of Asia’s major airlines, making the latest change in Swire’s long-standing investment a closely watched corporate development.

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Bombardier to acquire MHI Canada Aerospace, bringing Mississauga wing production in-house

Bombardier will acquire the assets of Mitsubishi Heavy Industries’ MHI Canada Aerospace in Mississauga, near Toronto Pearson airport, adding a manufacturing site and approximately 750 employees. The transaction expands Bombardier’s Ontario production footprint and brings a previously outsourced operation under direct control, strengthening its supply-chain resilience.

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Apollo Funds Acquires Major Share in Atlantic Aviation from KKR

Apollo funds have acquired a major share in Atlantic Aviation from KKR, which purchased the fixed-base operator chain in 2021. The transaction marks a change in ownership for one of the business aviation sector’s established FBO networks, but the available details do not disclose the stake’s value or terms.

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