European plane-maker Airbus will take over parts of Spirit AeroSystems as it and Boeing carve up the key supplier in an effort to improve production quality.

By Allison Lampert, Kanjyik Ghosh, Tim Hepher and Amanda Ferguson (Reuters) -Airbus finalised an agreement on Monday to take over some plants from Spirit AeroSystems in a carve-up of the struggling supplier with rival Boeing,

Airbus SE agreed to take over some assets and sites from Spirit AeroSystems Holdings Inc., clearing the way for the struggling US aerospace supplier to be acquired back by its former parent Boeing Co.