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Spirit to receive up to $350 million in advance payments
Airbus revised funding terms with Spirit AeroSystems confirmed (update)
Update 4:23pm: Adds
Spirit
confirmation. Airbus (OTCPK:EADSY) agreed to provide revised funding terms to
Spirit
AeroSystems
(NYSE:SPR) as the aircraft parts maker struggles with its finances.
Spirit
shares fell 1.1%. Airbus (OTCPK:EADSY) agreed to provide ...
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.
Continuing Coverage: 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.
CompositesWorld
20h
Spirit Q3 financial results raise concern of business viability
Significant anticipated cash deficit and increased operating losses have raised doubts over the company’s ability to continue ...
1d
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 ...
Flightglobal
1d
Spirit AeroSystems secures fresh loan from Boeing amid cash crunch
Boeing has agreed to loan aerostructures manufacturer Spirit AeroSystems up to $330 million, a move coming just days after ...
Oregon Business
1d
Spirit AeroSystems
Boeing Machinists Return to Work After Strike But Uncertainty Remains-As it considers deep layoffs, the aerospace giant’s ...
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