Fuselage maker Spirit Aerosystems rises on report that Boeing might purchase it back

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Fuselage maker Spirit Aerosystems surges on report that Boeing could buy it back

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Airplane fuselages bound for Boeing’s 737 Max production center being in storage at their leading provider, Spirit AeroSystems Holdings Inc, in Wichita, Kansas, U.S. December 17,2019

Nick Oxford|Reuters

Shares of Spirit Aerosystems, that makes fuselages for Boeing’s 737 Max jets, rose Friday after a report that Boeing remains in speak to get the business.

Spirit’s stock was up 16% following the report, while Boeing’s shares traded about 1% lower.

Spirit has actually employed lenders to check out choices and has actually had early talks with Boeing, the Wall Street Journal reported Friday.

“We do not comment on market speculation,” a representative for Spirit informed CNBC. Boeing likewise decreased to comment.

The report comes less than 2 months after an area of a Boeing 737 Max 9 airplane burnt out throughout an Alaska Airlines flight. The Federal Aviation Administration momentarily grounded all of the aircrafts in January, resulting in examinations into the mishap and Boeing’s assembly line.

It was the current and most severe in a host of defects on the Boeing 737 Max, Boeing’s very popular jet.

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