5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Investing

Airbus steps in to rescue 3,000 UK jobs as Boeing strikes deal on Spirit AeroSystems carve-out

by
December 7, 2025
in Investing
0
Airbus steps in to rescue 3,000 UK jobs as Boeing strikes deal on Spirit AeroSystems carve-out

Airbus is set to secure the long-term future of almost 3,000 UK aerospace jobs after striking a long-awaited carve-out deal from Boeing’s takeover of Spirit AeroSystems, a move that ends months of uncertainty for workers in Belfast and Prestwick.

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 and critical aerostructure components for both Airbus and Boeing, have been operating under short-term agreements while the companies worked to untangle a deal that preserved the cross-supplier production lines.

For months, the fate of thousands of workers had appeared to hinge on whether Airbus and Boeing could agree terms. The Belfast site, formerly Short Brothers — and one of the crown jewels of the UK’s aerospace heritage, recorded a $670m loss in 2024, prompting concern for its future viability.

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 activity is already under way for what insiders expect will be an expansion of the wing plant, reinforcing the UK’s global reputation as a centre of excellence for wing design and manufacturing.

Prestwick will also shift under Airbus control, continuing production of leading and trailing wing edges for the A320 and A350 programmes.

Boeing moved to re-acquire Spirit after a series of high-profile safety failures, including the January 2024 mid-air blowout of a door plug on an Alaska Airlines 737 Max and the earlier fatal crashes of the Max programme in 2018 and 2019. Spirit, once part of Boeing before being spun out in 2005, has been embroiled in the fallout from the supply-chain and quality issues affecting the Max line.

Airbus, meanwhile, has capitalised on Boeing’s troubles to reclaim its crown as the world’s largest commercial aircraft manufacturer, though it, too, has faced pressures, including a software glitch last month that forced urgent updates across airline fleets.

Once the Spirit workforce transfers, Airbus’s total UK headcount, across civil aerospace and defence, will rise to about 14,000. The UK remains integral to Airbus’s global manufacturing footprint, with major wing programmes centred in north Wales and advanced design teams in Bristol.

The announcement also represents a rare win for the UK industrial base at a time when manufacturers are battling higher energy costs, rising payroll taxes and global competition for investment.

Boeing confirmed this week that it expects to complete its Spirit acquisition by year-end, after receiving approval from the US Federal Trade Commission. Airbus described the FTC ruling as “a significant milestone” towards securing Spirit’s capabilities “essential to our commercial aircraft programmes”.

A formal announcement from Airbus is expected early next week.

Previous Post

Getting bZ for carbon neutrality

Next Post

SEC introduces online ticket system for instant status updates

Next Post
SEC introduces online ticket system for instant status updates

SEC introduces online ticket system for instant status updates

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Wilma now a low-pressure area, to drench Palawan, Western Visayas 

    Wilma now a low-pressure area, to drench Palawan, Western Visayas 

    December 8, 2025
    UK’s biggest arenas hit by huge business rates surge as valuations soar up to 300%

    UK’s biggest arenas hit by huge business rates surge as valuations soar up to 300%

    December 8, 2025
    Lando Norris crowned Formula One world champion after nail-biting Abu Dhabi finale

    Lando Norris crowned Formula One world champion after nail-biting Abu Dhabi finale

    December 7, 2025
    Dollar reserves rise to 13-month high

    Dollar reserves rise to 13-month high

    December 7, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.