Airbus to take on some Spirit operations related to its planes
Spirit made 737 MAX door plug involved in midair blowout
Boeing had spun off the fuselage supplier in 2005

July 1 Reuters Boeing agreed to buy back Spirit AeroSystems for 4.7 billion in stock and Airbus moved to take on the supplier39;s lossmaking Europefocused activities, sending shares in all three companies higher in a rare transatlantic breakup.

The neartwodecade independence of the world39;s largest standalone aerostructures company ended in a carveup between its largest customers after the latest Boeing 737 MAX crisis, sparked by a midair door plug blowout in January, brought to a head doubts over the resilience of fuselage manufacturing.

Boeing, which spun off Spirit39;s core Wichita and Oklahaoma plants in 2005, said it would repurchase its former subsidiary for about 37.25 per share, as reported by Reuters on Sunday, giving it an enterprise value of 8.3 billion including debt.

Bringing Spirit and Boeing together will enable greater integration of both companies39; manufacturing and engineering capabilities, including safety and quality systems, Spirit CEO Pat Shanahan said in a statement.

Spirit shares rose 3.6 in early U.S. trading, while Boeing gained 2

The Wichita, Kansasbased company said the deal offered a 30 premium versus the day before Boeing and Spirit announced talks to bring the struggling supplier back in house on March 1.

Boeing has long pondered buying back its former…