{"id":84163,"date":"2025-02-03T00:00:00","date_gmt":"2025-02-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/03\/boeing-expected-to-acquire-spirit-aerosystems-by-mid-2025\/"},"modified":"2025-02-03T00:00:00","modified_gmt":"2025-02-03T00:00:00","slug":"boeing-expected-to-acquire-spirit-aerosystems-by-mid-2025","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/03\/boeing-expected-to-acquire-spirit-aerosystems-by-mid-2025\/","title":{"rendered":"Boeing expected to acquire Spirit AeroSystems by mid-2025"},"content":{"rendered":"

<\/strong>Boeing\u2019s <\/strong>path is now clear to acquire US-based aerostructure manufacturer Spirit <\/strong>AeroSystems<\/strong>, after Spirit\u2019s shareholders approved the purchase agreement on Friday, according to a statement<\/a> released on Friday. The acquisition is expected to close by mid-2025, subject to regulatory approvals. We first heard back in June<\/a> that Boeing was set to make a USD 4.7 bn acquisition of Spirit AeroSystems through an all-stock purchase at USD 37.25 a share, with Boeing taking on Spirit\u2019s reported net debt.<\/p>\n

A hail mary for Boeing?<\/strong> Integrating Spirit is expected to stabilize Boeing's supply chain and enhance its aircraft production capabilities as well as quell US aviation regulators\u2019 concerns about the company\u2019s manufacturing blunders<\/a>.<\/p>\n

REMEMBER-<\/strong> Spirit received up to USD 350 mn from Boeing and up to USD 107 mn from Airbus in advance payments to help it stay afloat back in November<\/a>, as it continued to burn through cash after four consecutive years of losses.<\/p>\n

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German <\/strong>shipping giant Hapag-Lloyd\u2019s transport volumes surged 5% y-o-y to 12.5 mn <\/strong>TEUs in 2024<\/strong>, despite security concerns in the Red Sea causing ships to reroute to around the Cape of Good Hope, suffering longer voyage times, according to a preliminary earnings release (pdf)<\/a> published on Thursday. The firm saw its topline come in at USD 20.7 bn, a 6.7% increase from the previous year<\/a> by our calculation, which it attributed to stronger demand for container transportation and a stable average freight rate \u2014 at about USD 1.5k per TEU \u2014 last year. Hapag-Lloyd will release its audited full financial figures for the last fiscal year on 20 March.<\/p>\n

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<\/strong>Two <\/strong>Chinese firms to construct railway between Tanzania + Burundi<\/strong>:<\/strong> Tanzania has inked a USD 2.15 bn agreement with China Railway Engineering Group and China Railway Engineering Design and Consulting Group to build a railway linking Tanzania\u2019s Dar es Salaam Port to a nickel mine in landlocked neighbor Burundi, Bloomberg<\/a> reported on Thursday. The 282 km standard gauge railway would facilitate exports of Burundi\u2019s nickel and critical minerals and boost cross-border trade between the two East African countries. The project is forecasted to transport around 3 mn metric tons of minerals annually, Reuters<\/a> reported.<\/p>\n

Who\u2019s involved?<\/strong> The initiative is part of the joint Tanzania, Burundi, and DR Congo Standard Gauge Railway project, which looks to construct 651 km rail connecting the countries, according to a statement<\/a> from the project\u2019s financial backer African Development Bank (AfDB). <\/p>\n

Not <\/strong>the first rail venture<\/strong>: <\/strong>China, Zambia, and Tanzania inked an initial agreement back in September<\/a> to revive a decades-old railway plan in a bid to enhance rail-sea transportation in East Africa. The MoU would see China refurbish the 1.8k km Tanzania-Zambia Railway Authority (Tazara) railway, which offers a cargo transport route from landlocked Zambia\u2019s copper and cobalt mines to the sea on Tanzania's coast that bypasses South Africa and the former state of Rhodesia.<\/p>\n

OTHER STORIES WORTH KNOWING THIS MORNING-<\/strong><\/p>\n