Spirit Aero up after Airbus finalizes long-awaited deal
28/04/2025 12:58
** Aircraft parts supplier Spirit AeroSystems' shares SPR.N rise 2.4% to $35.73 premarket ** Europe's Airbus AIR.PA has finalized an agreement to take some assets from Spirit, as part of the supplier's transatlantic buyout with U.S. rival Boeing BA.N ** AIR to take on SPR's Europe-focused activities as BA buys back SPR, which it spun off two decades ago for $4.7 bln in stock ** As part of deal, Spirit to compensate Airbus $439 mln, while AIR provides non-interest bearing credit lines worth $200 mln to SPR ** AIR expects to complete the agreement by end of April, deal with Boeing is expected to close in Q3 2025 ** As of last close, SPR had risen 2.4% YTD (Reporting by Aatreyee Dasgupta) ((Aatreyee.Dasgupta@thomsonreuters.com))