French stock market surges and euro gains as investors eye hung parliament – business live

Live, rolling coverage of business, economics and financial markets as Marine Le Pen’s National Rally set to be largest party in first round of France parliamentary electionBoeing has bought supplier Spirit Aerosystems for $4.7bn, reversing a move 19 years ago to spin out the fuselage manufacturer.The US planemaker is taking control of Spirit in response to a series of manufacturing issues – including a blown-out door panel in January – that have plunged it back into crisis mode just as it thought it was emerging from the shadow of two crashes of its bestselling 737 Max jet.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. Continue reading...

Jul 1, 2024 - 13:30
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French stock market surges and euro gains as investors eye hung parliament – business live

Live, rolling coverage of business, economics and financial markets as Marine Le Pen’s National Rally set to be largest party in first round of France parliamentary election

Boeing has bought supplier Spirit Aerosystems for $4.7bn, reversing a move 19 years ago to spin out the fuselage manufacturer.

The US planemaker is taking control of Spirit in response to a series of manufacturing issues – including a blown-out door panel in January – that have plunged it back into crisis mode just as it thought it was emerging from the shadow of two crashes of its bestselling 737 Max jet.

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. Continue reading...

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