Airbus nears deal on funding, payment terms with Spirit Aero, source says
1:04 pm Tuesday, November 12th, 2024
(Reuters) – Airbus is poised to finalise an agreement as early as Wednesday with struggling aerospace supplier Spirit Aerosystems on fresh funding and revised payment terms, a person familiar with the matter said.
Spirit Aero, which said last week it was negotiating possible advances from its customers, did not immediately respond to a request for comment. The company announced earlier it had reached a deal for new advances from Boeing.
An Airbus spokesperson said it had “no comment on any potential support we may provide to our suppliers”.
(Reporting by Tim Hepher; Editing by Tomasz Janowski)
