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Benzinga
  • 2 years ago
Boeing's recent issues have caused concern in Wichita, Kansas, a city with a strong connection to the aviation industry. Boeing is considering purchasing Spirit AeroSystems, bringing production back to Wichita. However, negotiations are complicated as Spirit supplies parts to Boeing's rival, Airbus. Wichita earned the title "Air Capital of The World" in the 1920s due to its hosting of over a dozen airplane manufacturers, attracted by the consistent winds of the Great Plains. Despite past fluctuations, Wichita remains a major hub for aviation, with a strong demand for new planes.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Boeing's recent issues have caused concern in Wichita, Kansas, a city with a strong connection
00:07to the aviation industry.
00:09Boeing is considering purchasing Spirit Aerosystems, which would bring production back to Wichita.
00:14However, negotiations are complicated, as Spirit also supplies parts to Boeing's rival,
00:19Airbus.
00:20Wichita earned the title Air Capital of the World in the 1920s due to its hosting of over
00:24a dozen airplane manufacturers, attracted by the consistent wins of the Great Plains.
00:30Despite past fluctuations, Wichita remains a major hub for aviation, with a strong demand
00:34for new planes.
00:35For all things money, visit Benzinga.com.
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