This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Spirit AeroSystems Aftermarket Signs Spare Parts Agreement With Lion Air









WICHITA, Kan., Sept. 5, 2012 /PRNewswire/ -- Spirit AeroSystems, Inc. [NYSE: SPR] and Lion Air announced the signing of a supply agreement whereby Spirit Aftermarket Customer Support (ACS) will provide thrust reverser, fuselage, and wing component spare parts for Lion Air's fleet of Boeing aircraft. This multi-year contract will enable Lion Air to obtain competitive pricing for all parts in the Spirit catalog while ensuring availability for key parts and components.

"Lion Air has expressed long term confidence in the Boeing 737 product line and Spirit AeroSystems is committed to providing long-term support to this important and growing carrier," said Mike Williams, VP/GM of Spirit Aftermarket Customer Support. "As we expand our support infrastructure in the Asia Pacific market, providing a high level of support to Lion Air will be a key component of that plan."

Headquartered in Jakarta, Indonesia, PT Lion Mentari Airlines, operating as Lion Air, is Indonesia's largest privately run airline. Lion Air currently operates one Boeing 737-300, five 737-400, seven 737-800, 68 737-900ER and two 747-400 airplanes.

On the web: www.spiritaero.com/aftermarket

About Spirit AeroSystems, Inc. Spirit AeroSystems, with headquarters in Wichita, Kan., USA, is one of the world's largest non-OEM designers and manufacturers of aerostructures for commercial aircraft. In addition to its Wichita and Chanute facilities in Kansas, Spirit has locations in Tulsa and McAlester, Okla.; Kinston, N.C.; Prestwick, Scotland; Preston, England; Subang, Malaysia; and Saint-Nazaire, France. In the U.S., Spirit's core products include fuselages, pylons, nacelles and wing components. Additionally, Spirit provides aftermarket customer support services, including spare parts, maintenance/repair/overhaul, and fleet support services in North America, Europe and Asia. Spirit Europe produces wing components for a host of customers, including Airbus.

About  PT Lion Mentari Airlines

Lion Air set a record when it placed an order for 230 aircraft from Boeing, making this the largest order in terms of aircraft ordered as well the cost of the order. In November 2011, Lion Air and Boeing announced that the airline planned to buy 29 737-900ER and 201 737 MAX aircraft, with options for 150 more. A firm order was signed on 14 February 2012, with the 737 MAX aircraft identified as 737 MAX 9s, making Lion Air the launch customer for that variant. By the time of the signing, Lion Air made the largest aircraft order in history, Deliveries of the -900ERs are to start in 2016, with the MAXs to follow in 2017.

SOURCE Spirit AeroSystems, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs