Boeing is in talks to buy back Spirit AeroSystems, one of the biggest aerostructure companies in the world.
The iconic company that once had a great reputation for safety is losing more and more market share to rivalwhich is not to be confused with Spirit Airlines, is one of the biggest aerostructure companies in the world with many locations around the globe. It makes components for both commercial and military aircraft including fuselages and wing elements, among other parts.
"Boeing is far and away their largest customer," said Kevin Michaels, managing director of AeroDynamic Advisory."Spirit provides 100% of the fuselages for the world's second-most popular aircraft, the 737."Over the past few years, there have been a series of manufacturing flaws that have come out of the Spirit AeroSystems factory on some fuselages that are going to Boeing.
Spirit, however, also supplies parts to Airbus and other plane manufacturers, making the deal a little complex. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyFrontier Airlines does away with change fees in budget airline pricing overhaul
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