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Boeing has received EU antitrust approval for its $4.7bn acquisition of Spirit AeroSystems after agreeing to sell parts of Spirit’s business that supply Airbus, its main rival. To address competition concerns, Boeing will divest all Spirit operations linked to Airbus, including a site in Malaysia, which will be sold to Composites Technology Research Malaysia. The European Commission said these commitments will preserve competition and ensure aircraft makers can access parts at fair prices. The deal, first announced last year, is part of Boeing’s plan to streamline production and improve quality control after years of outsourcing. It still awaits US regulatory approval, but both Boeing and Spirit said they aim to close the transaction this quarter.
Boeing’s 5.15% 2030s traded a tad lower at 102.65, yielding 4.47%.
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