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Spirit Aero to receive up to $350 million in funding
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.
Spirit Aero to receive up to $350 million in funding from Boeing
(Reuters) -
Spirit
AeroSystems
said Tuesday that planemaker Boeing will ... having issued a "going concern" warning last week. The
fuselage
supplier expects to burn around $450 million to $500 million over the last three months of 2024 and first half ...
Boeing will provide Spirit AeroSystems with up to $350M cash lifeline
There had been speculation about what kind of help could be coming from Boeing after Spirit AeroSystems issued a "going concern" warning last week. A week after Spirit AeroSystems issued a warning about its ability to operate moving forward,
Yahoo
1h
Boeing is giving its troubled supplier Spirit AeroSystems an awkward $350 million bailout
Fuselage
manufacturer
Spirit
AeroSystems
(SPR) sounded the alarm last week that it might not be able to stay in ...
Aviation Week
5d
Bell To Build FLRAA Fuselage In New Kansas Facility
Bell To Build FLRAA Fuselage In New Kansas Facility is published in Aerospace Daily & Defense Report, an Aviation Week ...
devdiscourse
2h
Boeing's $350 Million Relief for Struggling Supplier Spirit AeroSystems
Spirit
AeroSystems
' financial struggles intensified when production slumped due to new model issues and delay-inducing
fuselage
vetting processes. Faced with repayment by 2026,
Spirit
...
6d
on MSN
Spirit Aero raises doubts over ability to continue as going concern
U.S. supplier Spirit AeroSystems said on Tuesday in a quarterly filing that substantial doubt exists about the company's ...
9d
on MSN
Airbus Outlines Next Steps In Acquisition Of Spirit AeroSystems' Work Packages
Airbus is on track to finalize its acquisition of a work package from Spirit AeroSystems before the end of 2024, marking a ...
Flightglobal
11d
Airbus expects to sign Spirit work-package acquisition contract before year-end
Airbus aims to sign a contract by the end of this year for the acquisition of work packages currently managed by US firm ...
American Machinist
5d
SpiritAero Systems Doubts its Own Future
Supply issues that contributed to the structural and quality defects on 737 MAX fuselages precipitated cash shortage – and ...
6d
Boeing Supplier Spirit AeroSystems Faces Liquidity Challenges, Raises Doubts About Ongoing Viability
Spirit AeroSystems Holdings Inc. (SPR), a major supplier to Boeing, reported significant operating losses in recent years and raised ...
AOL
7d
Key Boeing supplier Spirit Aero raises doubts over ability to continue as going concern
Spirit
AeroSystems
, a key supplier to US planemaker Boeing ...
Spirit
Aero, which produces the
fuselage
for the MAX, ...
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