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Reuters
• Ananta Agarwal
Reuters reports: European planemaker Airbus is poised to take over all or part of the operations of four Spirit AeroSystems plants as part of an impending deal involving rival Boeing , Reuters reported on Tuesday, citing industry sources.
Despite EU sanctions, billionaire Zarakh Iliev has managed to acquire a $110 million Airbus A320neo jet, highlighting potential loopholes in the sanctions aimed at curbing Russian elite's access to Western aircraft.
Airbus shares dropped 9.4% following a reduced annual forecast and a £760m charge tied to its space division.
Boeing has proposed reacquiring aircraft parts supplier Spirit AeroSystems predominantly using stock. This strategic move aims to fortify Boeing’s supply chain resilience amid ongoing market volatility.
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