July 1 Reuters Boeing has agreed to buy back Spirit AeroSystems for 4.7 billion in stock, ending the neartwodecade independence of the world39;s largest standalone aerostructures company.

Boeing39;s archrival, Airbus, which became a Spirit customer after Boeing spun it off, will take on the supplier39;s lossmaking Europefocused activities in return for hundreds of millions of dollars of compensation.

The deal comes after a cabin panel blow out on a Boeing 737 MAX aircraft in January sprawled into a massive reputational and safety crisis, with regulatory scrutiny on Boeing39;s quality lapses.

Here is a timeline of recent issues surrounding the MAX since the crashes in 2018 and 2019

OCTOBER 2018 A Lion Air MAX plane crashes in Indonesia, killing all 189 people on board.

NOVEMBER 2018 The FAA and Boeing begin evaluating the need for software or design changes to 737 MAX jets following the Lion Air crash.

MARCH 2019 An Ethiopian Airlines MAX crashes, killing all 157 people on board. China becomes the first country to ground the MAX, followed by others including the U.S. Federal Aviation Administration.

APRIL 2019 The FAA forms an international team to review the safety of 737 MAX. Boeing cuts monthly production by nearly 20.

SEPTEMBER 2019 Boeing39;s board creates a permanent safety committee to oversee development, manufacturing and operation of its aircraft.

OCTOBER 2019 Boeing fires Kevin McAllister, the top executive of its commercial airplanes division….