06:13 AM EDT, 06/25/2024 (MT Newswires) -- Boeing ( BA ) has offered to pay mostly stock for its proposed acquisition of fuselage supplier Spirit AeroSystems ( SPR ) , valuing the company at $35 per share, Bloomberg News reported on Tuesday, citing unnamed people familiar with the matter.

The company was previously proposing mostly cash for Spirit, which it spun off two decades ago, news outlets reported.

Boeing ( BA ) switched the offer because it has been burning through cash amid troubles over the safety and quality of its planes, news outlets reported.

The $35 price is a 6% premium over Spirit's Monday closing price.

Boeing ( BA ) and Spirit AeroSystems ( SPR ) did not immediately reply to MT Newswires' requests for comment.

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