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Airbus follows Boeing's cash lifeline to 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.
Airbus follows Boeing's cash lifeline to Spirit AeroSystems with an assist of its own
Hours after announcing it will receive up to $350 million in advance payments from Boeing, Spirit said it has an updated memorandum of agreement with Airbus stating the European aerospace giant will provide the major supplier with a $107 million non-interest-bearing line of credit.
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.
19h
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 ...
9h
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.
19h
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 ...
1d
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 ...
AeroTime
3h
Certification of A330neo in China progressing well says Airbus boss
The certification program of the A330neo in China is progressing well says Airbus boss as the COMAC C929 wins its first ...
20h
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 ...
6d
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 ...
13d
on MSN
4 ways Europe's Airbus is faring better than Boeing
Airbus just posted a $1 billion quarterly profit, compared with Boeing's $6 billion loss, and appears to be coping better ...
1d
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 ...
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