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Spirit Aero to receive up to $350 million in funding
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.
Spirit AeroSystems Announces Advance Payments Deal With Boeing
Tuesday announced an Advance Payments Agreement by which Boeing Co. (BA) will pay an advance of up to a total of $350 million to produce Boeing products at the rates required by Boeing. The payments will help Spirit's high levels of inventory and lower operational cash flows,
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.
2d
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 ...
2d
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 ...
2d
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.
8d
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 ...
Benzinga.com on MSN
8d
Boeing, Airbus Might Secure A $4B Jet Order From Taiwan's China Airlines As Trump Secures Second Term: Report
Taiwan’s China Airlines is reportedly on the verge of splitting a substantial order for long-haul passenger jets between ...
13d
on MSN
Airbus' new plane is the answer to an aging, inefficient Boeing jet that airlines are scrambling to replace
Boeing ended 757 production in 2004, not seeing a market need for a replacement. That allowed Airbus to swoop in with its ...
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 ...
19h
on MSN
AAIB: Missing Wing Walkers Led To British Airways Airbus A350 & Virgin Atlantic Boeing 787 Ground Collision At Heathrow Airport
The UK’s Air Accident Investigation Branch (AAIB) has concluded that the absence of wing walkers contributed to the ground ...
10d
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 ...
CompositesWorld
9d
Natilus challenges the Boeing-Airbus duopoly
CW interviews CEO Aleksey Matyushev about composites, certification and the airlines’ needs for increased narrowbody ...
3d
Natilus Concept Could Compete with Popular Boeing 737, Airbus A320 Aircraft
The aircraft stands to improve the overall flight experience or at least offer a few new options as to how the sardines are ...
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