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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 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.
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 supplier a financial lifeline ahead of the planned purchase of the company.
52m
How Trump's Second Term Will Impact Airbus-Boeing Rivalry & Europe's Aviation Industry
Although China represents the EU’s second largest trading partner, things have not been going great. The EU recently voted to ...
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.
5h
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 ...
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 ...
AeroTime
4h
The controversial push for AI single-pilot ops: Airbus vs. Pilot associations
AeroTime columnist Christian Charalambous takes a look at the controversial push for AI-driven single-pilot operations.
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 ...
2d
What Can Be Learned From Boeing’s Downfall?
Once the soaring leader in the aerospace sector with a stock price of around $430 per share and a market capitalization of ...
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