Air Park with A350 contract in dire financial condition

The air park selected by Spirit Aerosystems as the location for a 500,000 sf facility to produce fuselage panels for the Airbus A350 is in dire financial condition and cannot repay state bonded indebtedness, according to a newspaper article.

This is at Kingston (NC), which was the runner-up for Boeing’s 787 Line 1 assembly site that is now in Everett (WA). Washington State wanted the Spirit facility, but North Carolina was chosen for its closer proximity to Toulouse, France, where the A350 will be assembled, and for other factors.

The financial difficulties won’t have any affect on Spirit’s Airbus contract.

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