Airbus nears deal on funding, payment terms with Spirit Aero, source says

Airbus is poised to finalise an agreement as early as Wednesday with struggling aerospace supplier Spirit Aerosystems on fresh funding and revised payment terms, a person familiar with the matter said.

Spirit Aero, which said last week it was negotiating possible advances from its customers, did not immediately respond to a request for comment. The company announced earlier it had reached a deal for new advances from Boeing.

An Airbus spokesperson said it had “no comment on any potential support we may provide to our suppliers”.