Big Law

Boeing in Early Talks to Buy Its Former Subsidiary Spirit AeroSystems

Boeing said on Friday it was in preliminary talks to buy its former subsidiary Spirit AeroSystems as the company tries to get control of a sprawling crisis sparked by a Jan. 5 mid-air panel blowout.

The planemaker said in a statement it believes its reintegration with Spirit would strengthen aviation safety and improve quality. Spirit AeroSystems confirmed the discussions with Boeing in a separate statement.

In a related development on Friday, Reuters was the first to report the company told suppliers it was delaying expected increases in plane production as it tries to regain the confidence of the industry and satisfy regulators’ desires for better oversight of its safety and quality control systems.

Read the source article at Yahoo Finance

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