Airbus follows Boeing's cash lifeline to Spirit AeroSystems

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 AeroSystems Holdings Inc. afloat ahead of their planned purchase of the company’s assets next year.
Airbus follows Boeing's cash lifeline to Spirit AeroSystems with an assist of its own
Spirit said it will utilize the line of credit as advance payments to aid with production for various Airbus programs and ongoing delivery of certain products to Airbus from Spiri
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.
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.
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 ...
Boeing starts issuing layoff notices as planemaker trims 10% of workforce
Boeing said on Wednesday it is issuing layoff notices starting this week to workers impacted by a broader plan by the heavily ...
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.
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 ...
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 ...
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 ...
Boeing's Big News Is Bigger News for These 3 Companies
The company's equity raise will de-risk its operations, and that's great for its suppliers.
Boeing begins a new chapter, resuming 737 Max production and giving $350 million to a troubled supplier
CEO Kelly Ortberg has a four-point plan to improve Boeing. Ending the strike is a start, but analysts say it will take time ...
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Boeing: Potential under supply in widebody freighters over coming years
Meanwhile on the supply side, the industry is in a transition period as new freighter models are in the process of being ...
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 ...
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 ...