"Sources say the world's largest aircraft manufacturer will announce as early as Monday that it is taking on 1,550 staff at Spirit's Belfast operations and a further 1,200 at the company's plant in Prestwick, Scotland. It marks a major breakthrough in negotiations that have rumbled on since Boeing agreed a $4.7bn acquisition of Spirit last year. The UK facilities - which produce wings, fuselage sections"
"Under the emerging agreement, Boeing will pay Airbus a substantial dowry, expected to be in the hundreds of millions, to offset ongoing losses at the Belfast operation. Boeing is also expected to retain about 2,000 Spirit staff not transferring to Airbus. Airbus plans to take full ownership of the Belfast wing facility, while co-locating with Boeing in another building producing A220 fuselages. Planning"
Airbus will take on roughly 1,550 staff in Belfast and 1,200 in Prestwick, preserving nearly 3,000 UK aerospace jobs. The move carves out those facilities from Boeing's $4.7bn acquisition of Spirit AeroSystems after months of short-term arrangements to maintain cross-supplier production lines. Belfast recorded a $670m loss in 2024, prompting Boeing to agree to pay Airbus a dowry, expected in the hundreds of millions, to offset ongoing losses. Boeing will retain about 2,000 Spirit staff not transferring. Airbus plans full ownership of the Belfast wing facility, co-location on A220 fuselages, and expansion; Prestwick will continue producing A320 and A350 wing edges.
Read at Business Matters
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