Spirit Airlines shares plunged Wednesday on a report that the budget carrier is getting ready to file for bankruptcy protection after revived merger talks with Frontier Airlines parent Frontier Group ...
Boeing and the aerospace supply chain have navigated a costly labor strike with surprising ease. One of Boeing’s key ...
HM Dunn AeroSystems CEO Phil Anderson said he's seeing a lack of diversification and balance sheet issues impact some local ...
The infusion of funds clears one of new CEO Kelly Ortberg's most urgent tasks amid a period of financial and labor turmoil for Boeing.
One critical weakness Spirit has relative to other aerospace and defense companies is that it does not own ... pricing with Boeing and Airbus and more efficient use of its installed manufacturing ...
its new cash balance plans will be funded solely through use of its $3.6 billion surplus in pension assets. Boeing’s pension finances aren’t in as good shape as IBM’s but they’re in much ...
That decision has big ramifications for Wichita’s largest employer, Spirit AeroSystems, whose biggest customer is Boeing. Spirit already announced 700 employees will go on a 21-day furlough ...
(This Oct. 23 story has been corrected to clarify that Spirit did receive $425 million cash from Boeing, and that the amount was increased and partly repaid, in paragraph 3 and in a bullet point) ...
Spirit AeroSystems (SPR) is weighing furloughs or layoffs of hundreds more employees if the Boeing (BA) machinists’ strike stretches beyond Nov. 25, CNCB’s Leslie Josephs reports, citing a ...