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Boeing addresses quality control allegations, buys back Spirit AeroSystems
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Boeing has reacquired their former subsidiary, Spirit AeroSystems, in any $8.3 billion debt plus equity deal. Spirit, maker of 737 fuselage assemblies for the 737 Max program, has been implicated in the Alaska Airlines door plug blowout incidents that caused an emergency depressurization at altitude.
The repurchase of some 737 manufacturing assets brings the major part of that program’s supply chain back under direct Boeing control, including quality procedures. Spirit AeroSystems also operated foreign plants building components for Boeing’s major competitor, Airbus.
In a separate agreement, Airbus will acquire assets building for their programs, effectively re-shoring major Airbus component production to Europe. With the disappearance of spirit, a major Tier 1 supplier to the commercial aircraft industry, the global major air-frame duopoly now has fewer points of engineering commonality.
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