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On Jan. 31, Spirit AeroSystems Holdings Inc. (Wichita, Kan., U.S.) that its shareholders have voted to approve the proposed acquisition of Spirit AeroSystems by The Boeing Co. (Arlington, Va., U.S.). The transaction, announced summer 2024, is expected to close in mid-2025, subject to closing conditions including the receipt of regulatory approvals.

“Our shareholders’ resounding approval represents an important milestone in our carefully planned merger with Boeing,” says Irene Esteves, Spirit AeroSystems chief financial officer. “As we continue executing our transition planning, we remain focused on Spirit’s foundational principles of safety, compliance and quality.” Spirit will continue to operate as an independent company until the transaction closes.

According to Flight Plan, the merger is viewed by Boeing as “a crucial step toward addressing Spirit’s manufacturing issues and strengthening overall production quality. Boeing intends to acquire Spirit’s operations related to Boeing aircraft, while Airbus has separately announced its intention to acquire Spirit’s facilities that supply Airbus components.”

It reflects the company’s commitment to tightening control over its supply chain and ensure the smooth, safe production of its aircraft, a result of Spirit’s intense scrutiny related to numerous quality issues affecting the 737 Max. 

As part of this transition, Spirit confirmed the sale of its Fiber Materials Inc. business in late January.