Spirit Aero to receive up to $350 million in funding

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 significant step in its strategy to enhance its supply chain and production capabilities.
Spirit Aero gets help from Boeing, Airbus to prop up weak finances
Spirit AeroSystems said on Tuesday it would receive up to $350 million in advance payments from its largest customer Boeing and up to $107 million from Airbus , giving the struggling supplier a lifeline as it burns cash after four consecutive years of losses.
Spirit Aero to receive up to $350 million in funding from Boeing
(Reuters) -Spirit AeroSystems said Tuesday that planemaker Boeing will pay up to $350 million in advance payments to the firm, providing the struggling supplier a lifeline as it continues to burn cash after four consecutive years of losses.
Boeing to Pay Spirit AeroSystems Up to $350 Million in Advance
The payments are intended to help address high levels of inventory and lower operational cash flows.
Spirit to Receive up to $350 Million in Advance Payments From Boeing
Spirit AeroSystems said on Tuesday that Boeing will pay a total of up to $350 million in advance payments to the firm, providing the struggling supplier a lifeline as it continues to burn cash after four consecutive years of losses.
Spirit Aerosystems gains after confirming advance payments pact with Boeing
Boeing entered a $350 million advance payments pact with Spirit AeroSystems, a key supplier facing financial challenges in the aerospace industry.
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Aviation giants bail out major Northern Ireland employer in $450m rescue
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Belfast aircraft workers ‘in limbo’ as Spirit stays silent on workload split
Unions representing more than 3,500 workers at Belfast aircraft maker Spirit AeroSystems are seeking clarity on the future of one of the north’s biggest manufacturing firms, and claim management ...
Boeing Reportedly Set To Announce Funding Agreement For Struggling Spirit AeroSystems
According to Reuters, Boeing and Spirit AeroSystems are close to reaching a funding agreement to give the struggling supplier ...
Key piece of Boeing's Spirit AeroSystems acquisition — involving aviation giant's arch-rival — remains on track
A Spirit spokesperson said Airbus' stated timeline for finalizing the purchase of certain Spirit assets "aligns with our ...
Bombardier's quarterly revenue beats on services business boost
Bombardier's third-quarter revenue beat analysts' estimates on Thursday, helped by strong demand for business jet parts and ...
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Spirit AeroSystems
Boeing Machinists Return to Work After Strike But Uncertainty Remains-As it considers deep layoffs, the aerospace giant’s ...