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

reuters11-13

Nov 12 (Reuters) - Airbus AIR.PA is poised to finalise an agreement as early as Wednesday with struggling aerospace supplier Spirit Aerosystems SPR.N 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 BA.N.

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

(Reporting by Tim HepherEditing by Tomasz Janowski)

((tim.hepher@thomsonreuters.com; +33 1 49 49 54 52; Reuters Messaging: tim.hepher.thomsonreuters@reuters.net))

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