British company GKN reportedly showing interest in buying Spirit

Spirit Aerosytems

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Wichita, Kansas — Spirit Aerosystems says it has no comment on rumors regarding the company.

And there are rumors. Bloomberg is reporting the GKN company from Great Britain is interested in doing a buyout.

Analysts say it could happen because GKN has deep pockets.

“It certainly would be a good strategic fit,” says Richard Aboulafia with the Teal Aviation group. “It’s very real in terms of possibility. And it certainly fits with the strategic direction of GKN and definitely within their abilities.  Although I’d be interested to see if they can pull it off. And, of course, it remains to be seen whether Spirit is ready to sell or if they will sell part of themselves or what the full details would be.”

“The rumor just happens to be on a day when we are doing some layoffs,” said Ken Evans with Spirit. “But we just do not comment on rumors.”

Workers getting their layoff notices today gathered at the Wichita Aviation Museum said they also have no comment on the rumor.

“Well, more power to them,” said Bill Moehring. “I’m out of work today.  I don’t know what comes next. Go down and search for a job. Maybe even change careers. At my age I don’t think I’m too interested in staying in the aircraft industry.”

A couple hundred wandered out of a meeting at the Aviation Museum with SPEEA Union leaders Thursday afternoon. No word from union leaders on what comes next after the layoffs.

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