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Boeing, Spirit AeroSystems
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.
Boeing Advances $350M to Spirit AeroSystems
The airframe manufacturer will get a new cash infusion from its major customer to ensure it can remain financially stable and maintain inventory, reduce operating expenses,
Boeing will provide Spirit AeroSystems with up to $350M cash lifeline
In April, Boeing provided a $425 million advance to support Spirit's liquidity. Spirit, Wichita's largest employer with around 12,800 full-time workers, previously disclosed it has spent all of that money, as well as the entirety of a $350 million bridge loan that was set up earlier this year.
1d
on MSN
Boeing begins a new chapter, resuming 737 Max production and giving $350 million to a troubled supplier
CEO Kelly Ortberg has a four-point plan to improve Boeing. Ending the strike is a start, but analysts say it will take time ...
16h
on MSN
Top 5: These Are The Largest Boeing 737 MAX Operators In The US
The Dallas-based carrier only operates the MAX 8s. The first aircraft delivered to Southwest was N8710M on August 26, 2017.
1d
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 ...
15h
Boeing lands new 737 Max order as machinists return after strike
Machinists are set to fully return this week, but Boeing has said it'll take weeks for factories to get fully rolling. The ...
Business Times
1d
Boeing, Airbus throw supplier lifeline ahead of takeover
BOEING and Airbus will provide more than US$450 million in financial assistance to help keep key supplier Spirit AeroSystems ...
11h
on MSN
Boeing delivers layoff notices to 17,000 workers amid financial struggles
Boeing started issuing layoff notices Wednesday to 17,000 employees to cut 10% of its workforce in an effort to shore up the ...
2d
Charter Operator Avia Places Order For 80 Boeing 737 Max Jets
Avia Solutions Group placed an order for as many as 80 Boeing Co. 737 Max jets as the aircraft charter operator prepares for ...
1d
on MSN
Vietnam Airlines to request bids for 50 narrowbody jets next year
Vietnam Airlines will issue requests for proposals to aircraft manufacturers next year to purchase 50 narrowbody jets, its ...
KSNW Wichita on MSN
1d
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 ...
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