PARIS, July 1 (Reuters) - Europe's Airbus on

Monday set out the terms under which it will buy certain

loss-making activities of Spirit AeroSystems ( SPR ) as part of

a planned wider break-up of the supplier between Airbus and

Boeing ( BA ).

Airbus will be compensated by payment of $559 million from

Spirit AeroSystems ( SPR ), while it will pay a nominal sum of $1.00 for

the assets, depending on the final outline of the deal, it said

in a statement.