Spirit Aero up after Airbus finalizes long-awaited deal

Aircraft parts supplier Spirit AeroSystems' shares SPR.N rise 2.4% to $35.73 premarket

Europe's Airbus AIR.PA has finalized an agreement to take some assets from Spirit, as part of the supplier's transatlantic buyout with U.S. rival Boeing BA.N

AIR to take on SPR's Europe-focused activities as BA buys back SPR, which it spun off two decades ago for $4.7 bln in stock

As part of deal, Spirit to compensate Airbus $439 mln, while AIR provides non-interest bearing credit lines worth $200 mln to SPR

AIR expects to complete the agreement by end of April, deal with Boeing is expected to close in Q3 2025

As of last close, SPR had risen 2.4% YTD