Airbus has entered into a definitive agreement with Spirit AeroSystems (SAS) for the acquisition of industrial assets dedicated to its commercial aircraft programmes.

As part of this agreement, Airbus will take ownership of the following SAS assets:

• the site of Kinston, North Carolina, US (A-350 fuselage sections);
• the site of St. Nazaire, France (A-350 fuselage sections);
• the site of Casablanca, Morocco (A-321 and A-220 components);
• the production of A-220 pylons in Wichita, Kansas, US;
• the production of A-220 wings in Belfast, Northern Ireland; and
• the production of the A-220 mid-fuselage in Belfast, Northern Ireland, unless Spirit AeroSystems identifies a suitable buyer for the part of the site where these activities are located.

The European giant will also acquire the production of wing components for A-320 and A-350 in Prestwick, Scotland. SAS intends to sell the site of Subang, Malaysia to a third-party owner.

The compensation amount has been adjusted to reflect this revised transaction perimeter, in line with the provisions of the binding term sheet agreement announced on 1 July 2024. Airbus will be compensated by payment of $439 million from Spirit AeroSystems, subject to certain adjustments at closing.

The conditions and financial impact of this agreement are in line with the EBIT Adjusted and Free Cash Flow before Customer Financing preliminary estimates included in Airbus’ 2025 guidance, as issued on 20 February 2025.

With this operation, the European company aims to ensure stability of supply for its commercial aircraft programmes through a more sustainable way forward, both operationally and financially, for key Airbus work packages.

Closing of the transaction and the official transfer of operations is planned in the third quarter of 2025, subject to regulatory and other customary approvals.

Airbus has also entered into a memorandum of agreement with Spirit AeroSystems, under which Airbus has agreed to, among other things, provide SAS non-interest bearing lines of credit in an aggregate amount of $200 million, which will be used by Spirit AeroSystems to support Airbus programmes.