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Update: Market Chatter: Airbus Seeks Stable Relationship With Supplier Spirit AeroSystems
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Update: Market Chatter: Airbus Seeks Stable Relationship With Supplier Spirit AeroSystems
Apr 1, 2024 2:09 AM

04:48 AM EDT, 04/01/2024 (MT Newswires) -- (Updates with response from Airbus throughout.)

Airbus Chief Financial Officer Thomas Toepfer said the European aircraft maker hopes to maintain stable relations with parts supplier Spirit AeroSystems ( SPR ) , which is a potential acquisition target of rival Boeing ( BA ) , Reuters reported Thursday, citing an interview in Switzerland's Boersen-Zeitung newspaper.

"It is important that we have a stable relationship with this supplier," Toepfer told the newspaper, according to Reuters.

Asked if Airbus would be interested in buying Spirit's Northern Ireland plant, which makes wings for its narrow-body A220 plane, Toepfer said, "We are checking with Spirit what the best option is."

An Airbus spokesperson said the company is in discussions with Spirit AeroSystems ( SPR ) "to protect the sourcing of our programs and to define a more sustainable way forward, both operationally and financially, for the various Airbus work packages that Spirit AeroSystems ( SPR ) is responsible for today."

Airbus is "in early-stage discussions on a variety of options, including acquiring from Spirit AeroSystems ( SPR ) some of the activities that they carry out for us," the spokesman said, adding that the talks were confidential.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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