We are advising Airbus on the transaction

Davis Polk is advising Airbus SE in connection with its binding term sheet agreement announced on July 1, 2024 with Spirit AeroSystems Holdings, Inc. in relation to a potential acquisition of major activities related to Airbus’s commercial aircraft activities.

Simultaneously with the execution of the binding term sheet, The Boeing Company and Spirit AeroSystems entered into a merger agreement pursuant to which Boeing will acquire Spirit AeroSystems, subject to customary closing conditions.

Airbus’s purpose is to pioneer sustainable aerospace for a safe and united world. Airbus constantly innovates to provide efficient and technologically advanced solutions in aerospace, defense and connected services. In commercial aircraft, Airbus designs and manufactures modern and fuel-efficient airliners and associated services. Airbus is also a European leader in space systems, defense and security. In helicopters, Airbus provides efficient civil and military rotorcraft solutions and services worldwide.

Spirit AeroSystems is one of the world’s largest manufacturers of aerostructures for commercial airplanes, defense platforms, and business and regional jets. With expertise in aluminum and advanced composite manufacturing solutions, the company’s core products include fuselages, integrated wings and wing components, pylons and nacelles.

The Davis Polk corporate team includes partner William H. Aaronson, counsel Albert Zhu and associates Christine Choi and Anuj Ezekiel. Partner Pritesh P. Shah and associates Yana Kipnis and Ted Talas are providing IP and commercial transactions advice. Partner Jennifer S. Conway and associate Elizabeth Smith are providing executive compensation advice. Partner William A. Curran is providing tax advice. All members of the Davis Polk team are based in the New York office.