Airbus Set to Finalize Support Agreement with Spirit Aero

Airbus is on the verge of finalizing negotiations with Spirit Aerosystems regarding new financing and modified payment terms. The deal is expected to be formalized today for the struggling aerospace supplier.

Spirit Aero had previously announced discussions with its customers about potential advances. This came after the company recently disclosed that it had secured a new agreement for advances with Boeing (NYSE:BA). However, details of the discussions with Airbus have not been made public.

While Spirit AeroSystems has not yet responded to inquiries regarding the Airbus agreement, a spokesperson for Airbus maintained a neutral stance, stating, "We have no comment on potential support we might provide to our suppliers."

Once the agreement with Spirit AeroSystems is finalized, it is expected to provide financial support to the supplier, ensuring stability in operations and continuity in the supply chain. This development comes at a time when the aerospace industry is navigating a complex financial environment while still recovering from the impacts of global events.