Spirit to Receive up to $350 Million in Advance Payments
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 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.
Boeing started issuing layoff notices Wednesday to 17,000 employees to cut 10% of its workforce in an effort to shore up the ...
CEO Kelly Ortberg has a four-point plan to improve Boeing. Ending the strike is a start, but analysts say it will take time ...
Spirit AeroSystems, a key supplier to US planemaker Boeing, warned on Tuesday there was “substantial doubt” that the company ...
(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, an aerospace company that works closely with Boeing to build aircraft, today announced it was furloughing 700 of its employees due to the ongoing strike by Boeing employees.
American Airlines made changes to its nonstop service between its hub in Miami and Port-au-Prince, Haiti, on Tuesday. The ...
In response to these declines, the jet maker has all but eliminated its pension program, one issue of many that has angered ...
The airline’s stock is down 57.73 percent as of just after noon on Wednesday. It’s trading at only $1.36. By comparison, ...
Boeing Co. will advance Spirit Aerosystems Holdings Inc. as much as $350 million as the planemaker gives its most important ...
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