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Spirit Aerosystems gains
Spirit Aero gets help from Boeing, Airbus to prop up weak finances
Spirit
Aero expects to burn $450-$500 million over next 9 months
Spirit
must repay $350 million in 2026
Boeing
aims to stabilize production, revive supply chain post-strike Plans for a funding agreement with
Boeing
, first reported last week by Reuters ...
Boeing to Pay Spirit AeroSystems Up to $350 Million in Advance
Boeing has agreed to pay Spirit AeroSystems up to $350 million in advance to keep producing products for it as the fuselage supplier works through a liquidity crunch. The jet maker said Tuesday that the advance payments are intended to help Spirit address high levels of inventory and lower operational cash flows.
Boeing to pay Spirit AeroSystems up to $350M in advance payments
On Tuesday morning, Spirit announced that Boeing has committed to paying Spirit up to $350 million in advance payments. The agreement calls for Spirit to produce Boeing products at the rates required by Boeing.
5h
Boeing throws Spirit $350 million lifeline to support output
Boeing Co. will advance Spirit Aerosystems Holdings Inc. as much as $350 million as the planemaker gives its most important ...
Flightglobal
9h
Spirit AeroSystems secures fresh loan from Boeing amid cash crunch
Boeing has agreed to loan aerostructures manufacturer Spirit AeroSystems up to $330 million, a move coming just days after ...
Kansas First News on MSN
4h
New client orders 40 Boeing planes, may order 40 more
Boeing announced Tuesday that a new customer has ordered 40 of its 737 MAX 8 planes and has the potential to order 40 more ...
7d
on MSN
Key Boeing supplier Spirit Aero raises doubts over ability to continue as going concern
Spirit AeroSystems, a key supplier to US planemaker Boeing, warned on Tuesday there was “substantial doubt” that the company ...
The Business Journals
1d
Boeing lands new 737 Max order as machinists return after strike
The purchase was announced the same day
Boeing
and
Spirit
AeroSystems disclosed an agreement in which
Boeing
will ...
Globalair
1d
Boeing explores possible Jeppesen sale, report says
A recent report claims Boeing is looking into the possible sale of its Jeppesen navigation unit. After a rocky 2024, the sale ...
Business Insider on MSN
5d
Boeing's strike is over. Now, the hard work starts to turn things around.
"It will take time to work off the massive inventory that
Boeing
has today, but quality needs to improve as well," said ...
5d
In wake of Spirit SEC filing, aerospace analyst 'would not be surprised' to see another Boeing cash advance
"We would not be surprised to see another such arrangement be announced," a prominent Wall Street aerospace sector analyst ...
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