Boeing has agreed to acquire Spirit AeroSystems in an all-stock transaction at an equity value of about $4.7 billion, with Airbus set to acquire the parts of the business that supply its programmes. The total transaction will be valued at $8.3 billion, including Spirit's last reported net debt, the airframer says in a 1 July announcement. “Boeing's acquisition of Spirit will include substantially all Boeing-related commercial operations, as well as additional commercial, defence and aftermarket operations,” it states. Spirit supplies airframe sections and components for Boeing's 737, 767, 777 and 787 commercial aircraft programmes. In a separate statement, Airbus says it has also entered into a binding term sheet agreement with Spirit to potentially acquire “major activities related to Airbus”. They include the production of A350 fuselage sections in Kinston, North Carolina, and St. Nazaire, France and also production of the A220’s wings and mid-fuselage in Belfast, Northern Ireland, and Casablanca, Morocco, as well as A220 pylons in Wichita, Kansas. Airbus adds that it will be paid $559 million by Spirit AeroSystems, for a nominal consideration of $1 for the transaction. Boeing president and chief executive Dave Calhoun says: “We believe this deal is in the best interest of the flying public, our airline customers, the employees of Spirit and Boeing, our shareholders and the country more broadly. "By reintegrating Spirit, we can fully align our commercial production systems, including our Safety and Quality Management Systems, and our workforce to the same priorities, incentives and outcomes – centered on safety and quality." Boeing says the transaction is expected to close in mid-2025. Spirit is also proposing to sell parts of its operations, including those in Belfast, Prestwick in Scotland, and Subang in Malaysia, the airframer adds. PJT Partners acted as lead financial advisor to Boeing, with Goldman Sachs & Co and Consello acting as additional advisors, while Sullivan & Cromwell acted as outside counsel.

ITA Airways and KM Malta Airlines have signed a codeshare agreement. Under the partnership, ITA Airways will place its codes on all KM Malta Airlines to Italy. The Italian airline will meanwhile carry KM Malta Airlines codes on its services to Malta from Rome and Milan Linate. ITA says it will additionally place KM Malta Airlines codes on its domestic services from Rome and Milan, and on selected international connections. KM Malta Airlines plans to serve Amsterdam, Berlin, Brussels, Catania, Dusseldorf, London Gatwick, Heathrow, Lyon, Madrid, Milan, Munich, Paris Charles-de-Gaulle, Orly, Prague, Rome, Vienna and Zurich during its summer 2024 schedule. ITA will fly to 57 destinations including new services to Chicago, Toronto, Riyadh, Accra, Dakar and Jeddah, it notes.

Boeing has disclosed GE Aerospace as the engine supplier for Emirates' on-order 787 fleet. The US airframer's latest order and delivery data attributes GEnx engines to 15 787-8s and 15 787-10s Emirates ordered under a deal originally signed in 2019. At the 2023 Dubai air show in November, Emirates ordered five 787s and 90 777X jets. While GE is the sole engine provider for the in-development 777X, no engine selection was disclosed for the 787s at the time. The 787 is available with GEnx or Rolls-Royce Trent 1000 engines. Fleets data shows Emirates has 122 777-300ERs, 10 -200LRs and 11 777 Freighters – all exclusively powered by GE90s. The Middle Eastern carrier initially selected for its Airbus A380 fleet Engine Alliance GP7200s, which were jointly produced by GE and Pratt & Whitney. But it subsequently switched to Trent 900s for part of its A380 fleet. Emirates has 65 A350-900s on order and has expressed interest in the A350-1000. However, the airline's president, Tim Clark, has said an order of the stretched variant would be dependent on engine upgrades. The A350 is exclusively available with Trent XWBs.