European aerospace giant Airbus said Monday it would buy "major activities related to Airbus" from subcontractor Spirit AeroSystems, as US rival Boeing said it was going to take over the bulk of the group's operations.
Spirit AeroSystems builds fuselages and other significant parts for both Airbus and Boeing.
Airbus said it had entered into an agreement to take over Spirit's facilities related to the production of parts for its planes for a nominal fee of $1, and will be "compensated by payment of $559 million from Spirit AeroSystems" for the transaction.
The group said this includes production sites related to the A350 in North Carolina and France, as well as the production of the A220's wings and mid-fuselage in Belfast and Casablanca in Morocco.