{"id":57755,"date":"2024-03-01T23:33:47","date_gmt":"2024-03-01T18:03:47","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=57755"},"modified":"2024-04-05T12:29:29","modified_gmt":"2024-04-05T06:59:29","slug":"boeing-to-buy-spirit-aerosystems","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2024\/03\/01\/boeing-to-buy-spirit-aerosystems\/","title":{"rendered":"Boeing Likely to Buy Spirit Aerosystems Amid MAX Crisis"},"content":{"rendered":"\n

KANSAS-<\/strong> Spirit Aerosystems<\/a>, the manufacturer of fuselages for Boeing’s 737 Max jets<\/a>, experienced a significant surge in its shares on Friday following reports of ongoing discussions about a potential acquisition by Boeing.<\/p>\n\n\n\n

Both companies are actively working to address manufacturing flaws in the popular 737 MAX aircraft.<\/p>\n\n\n\n

\"Spirit
Photo: Boeing Airplanes\n<\/figcaption><\/figure>\n\n\n\n

Boeing to Buy Spirit Aerosystems<\/h2>\n\n\n\n

As of late morning on Friday, Spirit’s shares had risen by 13%, while Boeing’s shares were down approximately 1% in response to the news. Notably, Spirit Aerosystems held a market capitalization of $3.3 billion as of the previous day’s closing.<\/p>\n\n\n\n

According to the Wall Street Journal’<\/em>s report on Friday, Spirit has engaged the services of bankers to explore various options and has initiated preliminary discussions with Boeing.<\/p>\n\n\n\n

In 2005, Boeing separated its operations in Kansas and Oklahoma, forming what is now known as Spirit Aerosystems. Approximately 70% of Spirit Aerosystems’ revenue last year was derived from Boeing, with around a quarter generated from manufacturing components for Boeing’s primary competitor, Airbus.<\/p>\n\n\n\n

The discussions about a potential repurchase by Boeing have surfaced less than two months after a segment of a Boeing 737 MAX 9 aircraft experienced an incident during an Alaska Airlines (AS)<\/a> flight. This prompted the Federal Aviation Administration (FAA) <\/a>to temporarily ground all 737 Max planes in January, leading to investigations into the incident and scrutinizing Boeing’s production processes.<\/p>\n\n\n\n

This incident marks the most recent and significant among a series of issues faced by the Boeing 737 Max, which is Boeing’s top-selling aircraft.<\/p>\n\n\n\n

Stay tuned with us. Further, follow us on social media for the latest updates.<\/p>\n\n\n\n

Join us on Telegram Group <\/a>for the Latest Aviation Updates. Subsequently, follow us on Google News<\/a>.<\/p>\n\n\n\n

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Airbus and Boeing Nears New Deal to Split Spirit Aerosystems<\/a><\/blockquote>