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Boeing, Spirit AeroSystems
Spirit Aero Gets Help From Boeing, Airbus to Prop up Weak Finances
(Reuters) - 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 to pay Spirit AeroSystems up to $350M in advance payments
One week after Spirit AeroSystems announced it has "substantial doubt" about its ability to continue as a going concern, Boeing is offering help.
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.
3h
Airline Post-Election Optimism Tempered By Boeing Woes
Airlines have been celebrating since Donald Trump's election, but optimism over less regulation is tempered by Boeing's ...
3d
on MSN
Boeing, Airbus Throw Supplier Lifeline Ahead of Takeover
Boeing Co. and Airbus SE will provide more than $450 million in financial assistance to help keep key supplier Spirit ...
3d
on MSN
China's renaming of its regional jet is another clear sign its homegrown planemaker is coming for Boeing and Airbus
The ARJ21 is now to be known as the C909. The renaming plays into COMAC's ambition to enter the global market.
3d
on MSN
Boeing got the easy part done. Now comes the tougher, existential problems
Boeing’s most immediate problem – an eight-week strike by 33,000 workers – is over. But its more serious problems – ongoing ...
2d
Boeing's Big News Is Bigger News for These 3 Companies
The company's equity raise will de-risk its operations, and that's great for its suppliers.
3d
Airbus: No Boeing-Like Crisis, But Airplane Delivery Target Is Slipping
Airbus SE's delivery target faces risk, but strong demand and a large backlog ensure stability. See why EADSY stock continues ...
19h
Boeing begins to dig out of its crises, with big stakes for the region
Boeing's new chief executive inherits a long to-do list: restoring customer confidence, employee morale and the company's ...
New Atlas
6d
Natilus takes on Airbus and Boeing with blended-wing airliner
Aerospace startup Natilus is taking on the biggest players in civil aviation, unveiling its plans to build its Horizon ...
9d
Exclusive: Boeing, Airbus to share Taiwan's China Airlines passenger jet order
Taiwan's China Airlines is nearing a decision to split a multi-billion-dollar order for long-distance passenger jets between ...
4d
Iberia Airlines First To Put Airbus A321XLR Into Commercial Service
Iberia Airlines flew the first commercial flight of the Airbus A321XLR on November 6, the beginning of an era of ultra-long ...
3h
on MSN
How Trump's Second Term Will Impact Airbus-Boeing Rivalry & Europe's Aviation Industry
While each of these broadly impact the economy, the impact on aviation is not insignificant even though he has not explicitly ...
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