𝗔𝗶𝗿𝗯𝘂𝘀 𝗲𝗻𝘁𝗲𝗿𝘀 𝗮𝗴𝗿𝗲𝗲𝗺𝗲𝗻𝘁 𝘄𝗶𝘁𝗵 𝗦𝗽𝗶𝗿𝗶𝘁 𝗔𝗲𝗿𝗼𝗦𝘆𝘀𝘁𝗲𝗺𝘀 Airbus SE has entered into a binding term sheet agreement with Spirit AeroSystems in relation to a potential acquisition of major activities related to Airbus, notably the production of A350 fuselage sections in Kinston, North Carolina, U.S., and St. Nazaire, France; of the A220’s wings and mid-fuselage in Belfast, Northern Ireland, and Casablanca, Morocco; as well as of the A220 pylons in Wichita, Kansas, U.S. With this agreement, Airbus aims to ensure stability of supply for its commercial aircraft programmes through a more sustainable way forward, both operationally and financially, for the various Airbus work packages that Spirit AeroSystems is responsible for today. The transaction would cover the acquisition of these activities. Airbus will be compensated by payment of $559 million from Spirit AeroSystems, for a nominal consideration of $1.00, subject to adjustments including based on the final transaction perimeter. Entering into definitive agreements remains subject to an ensuing due diligence process. Whilst there is no guarantee that a transaction will be concluded, all parties are willing and interested to work in good faith to progress and complete this process as timely as possible.
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Airbus enters agreement with Spirit AeroSystems Airbus SE has entered into a binding term sheet agreement with Spirit AeroSystems in relation to a potential acquisition of major activities related to Airbus, notably the production of A350 fuselage sections in Kinston, North Carolina, U.S., and St. Nazaire, France; of the A220’s wings and mid-fuselage in Belfast, Northern Ireland, and Casablanca, Morocco; as well as of the A220 pylons in Wichita, Kansas, U.S. With this agreement, Airbus aims to ensure stability of supply for its commercial aircraft programmes through a more sustainable way forward, both operationally and financially, for the various Airbus work packages that Spirit AeroSystems is responsible for today. The transaction would cover the acquisition of these activities. Airbus will be compensated by payment of $559 million from Spirit AeroSystems, for a nominal consideration of $1.00, subject to adjustments including based on the final transaction perimeter. Entering into definitive agreements remains subject to an ensuing due diligence process. Whilst there is no guarantee that a transaction will be concluded, all parties are willing and interested to work in good faith to progress and complete this process as timely as possible. #Airbus #SpiritAeroSystems
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I found this post particularly enlightening. We are in the era of #AI, where technology often becomes the ultimate goal for many products and businesses. However, technology should be a vehicle, not the destination. Sometimes, fascination with technology leads to designing high-tech products that fail to serve their intended purpose. The Concorde is a prime example of this—a technological marvel in its time, yet commercially unsuccessful. It serves as a crucial lesson for anyone developing a digital product. #productdevelopment
In the lifespan of modern technology, there are instances where highly technical products achieve their design objectives yet fail commercially. A notable example is the Concorde, a supersonic aircraft developed in the 1960s and 70s. Despite being a technological marvel of its time, it was not a commercial success. If you’re unfamiliar with the Concorde, explore our work to see how technological advancements can overshadow other crucial aspects of a product, leading to its failure. Do you know more examples like Concorde, share it with us. British Airways - Airbus Aircraft - Airbus -
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The rules of the aviation production game are being reshaped. #ENDUSLimited #Boeing #Airbus #SpiritAeroSystems
Boeing has announced it has entered into an agreement to acquire Spirit AeroSystems, while Airbus has agreed to acquire major activities related to its own aircraft programmes. https://lnkd.in/eQmqHZNc
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In the lifespan of modern technology, there are instances where highly technical products achieve their design objectives yet fail commercially. A notable example is the Concorde, a supersonic aircraft developed in the 1960s and 70s. Despite being a technological marvel of its time, it was not a commercial success. If you’re unfamiliar with the Concorde, explore our work to see how technological advancements can overshadow other crucial aspects of a product, leading to its failure. Do you know more examples like Concorde, share it with us. British Airways - Airbus Aircraft - Airbus -
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What's New to TheStreet... ✈️ Airbus Faces Challenges ✈️ Airbus reported a slump in profit for the second quarter and confirmed it will deliver fewer planes than forecast this year due to ongoing supply-chain hurdles. 📉⚙️ How do you think Airbus will navigate these challenges? Share your thoughts below!👇🏻✨ 👉🏻Follow New To The Street for more! #airbus #profitslump #supplychain #aviationiundustry #businessnews #business #news #newtothestreet
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Airbus, the European aviation company, reported a 28% increase in first-quarter profit due to higher deliveries and production. Revenue grew by nine percent to 12.8 billion euros, with 142 commercial planes delivered. Despite challenges like geopolitical tensions and supply chain issues, Airbus remains optimistic. They aim to deliver 800 passenger planes this year and are closely monitoring developments with suppliers. In contrast, Boeing, their American rival, reported a loss, mainly due to safety concerns. Airbus plans to ramp up production, aiming for 75 A320s per year by 2026 and increasing A350 production to 12 planes a month by 2028. #Airbus #Business #BusinessNews #BusinessPost #BusinessHubs #BusinessGrowth #BusinessInsights #BusinessBangladesh #IndustryInsights #IndustrialNews #BusinessBrillianz
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What's New to TheStreet... ✈️ Airbus Faces Challenges ✈️ Airbus reported a slump in profit for the second quarter and confirmed it will deliver fewer planes than forecast this year due to ongoing supply-chain hurdles. 📉⚙️ How do you think Airbus will navigate these challenges? Share your thoughts below!👇🏻✨ 👉🏻Follow New To The Street for more! #airbus #profitslump #supplychain #aviationiundustry #businessnews #business #news #newtothestreet
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GBS Executive | Career Coach | Podcaster | Angel Investor | Startup Advisor | Keynote Speaker | Mentor-Telangana AI mission-NASSCOM
The rivalry between Boeing and Airbus is one of the most significant in the aviation industry, marked by competition for market dominance, technological innovation, and differing business strategies. In today's Ep of Aspire and Acquire, we bring you an overview of this storied rivalry: the intense competition between these two aviation giants. From aircraft performance to market dominance, discover who is set to conquer the skies in this epic battle for supremacy. Stay tuned to uncover the key factors that will ultimately determine the winner in the Boeing vs Airbus rivalry! #AspireAndAcquire #AviationHistory #BoeingVsAirbus #Airbus #Boeing #AerospaceIndustry #AviationInnovation #AircraftManufacturing #AviationRivalry #TechWars #SustainableAviation #AviationTechnology #BusinessCompetition #AirlineIndustry
Aspire and Acquire Boeing vs Airbus
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