Boeing completes $4.7 billion reacquisition of Spirit AeroSystems
EVERETT—The Boeing Company announced on Monday, December 8, it had completed its $4.7 billion reacquisition of Spirit AeroSystems after selling it off in 2005 to investment firm Onex for $900 million in cash plus the assumption of $300 million in debt. “This is a pivotal moment in Boeing’s history and future success as we begin […]
Cathay Pacific Orders 14 More Boeing 777-9 Passenger Jets
HONG KONG—Boeing and Cathay Pacific on August 5, announced the Hong Kong-based carrier is ordering 14 more 777-9 passenger jets, bringing its order book to 35 of the world’s largest twin-engine airplane. Designed to reduce fuel use and emissions on average by 20% and noise by 40% compared to the airplanes it replaces, the 777-9 […]
