Good Morning! After writing this daily newsletter for a while, you find that some stories never die. Today, some interesting business sagas continue yet again:

• Boeing buys back supplier of flying door ✈️ 

• European Commission takes on another big tech giant under their new law 📱 

• Donald Trump is partially immune for Jan 6 🗽 

Enjoy!

Nils

BOEING
Take back control: Boeing is buying back its long-lost supplier

What Happened 
Boeing announced that it will buy back its fuselage maker Spirit AeroSystems in an all-stock deal valued at $4.7 billion. The acquisition comes after a series of production problems and safety concerns, including a midflight door panel blowout on a nearly new Boeing 737 Max 9 in January. Spirit, which Boeing spun off in 2005, makes fuselages and other parts for Boeing's 737 and 787 Dreamliner aircraft.

Why It Matters

• The acquisition is a major step in Boeing's efforts to improve safety and quality control. In recent years, the company has struggled with manufacturing flaws and delivery delays.

• By bringing Spirit's operations in-house, Boeing aims to fully align production systems and workforces, reducing the chances of errors and defects.

• The deal also reflects the mounting pressure on Boeing to address safety concerns and restore confidence in its aircraft, particularly after the 737 Max crashes and the recent door panel incident.

• The acquisition could help Boeing streamline its supply chain and better control costs as it works to ramp up production and deliver planes to customers.

What's Next 
Boeing expects the deal to close in mid-2025, subject to approval by regulators and Spirit shareholders and the sale of Spirit's operations dedicated to Airbus planes. As part of the agreement, Spirit will compensate Airbus $559 million to acquire its manufacturing lines dedicated to Airbus aircraft.

In the meantime, Boeing will continue to face scrutiny from regulators and lawmakers over its safety record and production practices. The Federal Aviation Administration has said it won't let Boeing expand production until it is satisfied with its production lines, and the company's CFO has warned that it will burn cash this year due to delivery delays.