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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.
2h
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.
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 ...
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 ...
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 ...
11d
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 ...
2d
Boeing Is Up Against Airbus And China's COMAC As Vietnam Airlines Seeks Bids For 50 Planes In 2025
The national carrier previously signed a provisional agreement with Boeing Co for 50 737 MAX jets, but a final decision has yet to be reached as other manufacturers, including Airbus and China's COMAC ...
4d
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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