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Andalucia Businessmen Interested in Investment Opportunities in Morocco’s Aeronautical Market worth over $2.8 Bln

A delegation representing several Spanish aerospace companies from Seville and Cadiz visited lately Casablanca to explore the investment opportunities offered in the Kingdom’s aeronautic sector, generating annual revenue exceeding $ 2.8 billion. The Spanish trade mission was organized by Andalucía TRADE, Andalucía Aerospace and Moroccan grouping of aeronautical & space industries (GIMAS) to strengthen business […]

Americas Business Europe Headlines International Morocco

Airbus finalizes acquisition of Spirit AeroSystems’ assets, including Casablanca facility

Airbus, the world’s biggest plane-maker, confirmed this Monday the acquisition of Spirit AeroSystems industrial assets dedicated to its commercial aircraft programs including the Casablanca production site. Under terms of the agreement signed between the two parties, Airbus will take ownership of the facilities that produce fuselage sections, wings, and other components. The deal includes the […]

Americas Business Emerging Markets Europe Headlines International Morocco

Aeronautics: Airbus acquires Spirit AeroSystems major activities, including Casablanca plant

European aircraft manufacturer, Airbus, has agreed with U.S. supplier “Spirit AeroSystems” to acquire the major activities related to its airbus planes manufacturing in five plants, including the Casablanca site. In a press release issued Monday, Airbus said the $559 million acquisition deal aims to ensure stability of supply for its commercial aircraft programs through a […]

Americas Business Headlines International Morocco

Aeronautics: Spirit AeroSystems launches production of fuselage components in Morocco

Spirit AeroSystems, one of the world’s largest manufacturers of aerostructures for commercial airplanes, defense platforms, and business/regional jets has recently started producing at its Morocco plant the fuselage components, the front and rear section of the Airbus A220 aircraft. The site has developed expertise in the manufacturing of components for Bombardier business jets and has […]

Americas Business Headlines International Maghreb Morocco

Aeronautics: Spirit Aerosystems Expanding Casablanca Bombardier Plant

American company Spirit Aerosystems, which has purchased the bombardier plant in Casablanca, is expanding its Moroccan factory from 10,000 m² to 25,000 m² and increasing its workforce from 350 to 850 employees. The announcement was made Monday following a meeting held in Rabat between minister of industry & trade Moulay Hafid Elalamy, and senior leaders […]

Americas Business Headlines International Maghreb Morocco

Bombardier Factory in Morocco Sold to Spirit AeroSystems

The Bombardier factory in Morocco has been sold to US Spirit AeroSystems, along with the Canadian firm’s factories in North Ireland and a repair facility in Dallas, USA. The final agreement to sell Bombardier’s Aerostructures Business to Spirit AeroSystems Holding, Inc. was confirmed Wednesday by the Canadian group, which took a strategic decision to focus […]

Americas Business Headlines International Maghreb Morocco

Spirit AeroSystems, Major Bidder for Bombardier Plants in Morocco & Belfast

American company Spirit Aero systems is reportedly the major bidder for the acquisition of the two bombardier plants in Morocco and Northern Ireland, said on Friday Reuters, citing sources familiar with the matter.   However, no deal has so far been sealed and the negotiations are still underway. Both the Canadian aerospace firm and Spirit […]