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Airbus follows Boeing's cash lifeline to Spirit AeroSystems
Boeing will provide Spirit AeroSystems with up to $350M cash lifeline
In April, Boeing provided a $425 million advance to support Spirit's liquidity. Spirit, Wichita's largest employer with around 12,800 full-time workers, previously disclosed it has spent all of that money, as well as the entirety of a $350 million bridge loan that was set up earlier this year.
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.
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 Spirit warned that a cash crunch threatened the viability of its business.
9d
New Spirit AeroSystems filing raises further concern over company's health
"We retain a range of options and levers to address our financial and spacing constraints and are working with our customers ...
13d
Spirit AeroSystems presents Wichita engineering union with four-year contract offer
Spirit AeroSystems has presented its engineering union in Wichita with a four-year contract offer, a spokesperson for the ...
8d
on MSN
Spirit AeroSystems reports ‘substantial doubt’ about its ability to keep operating
Spirit AeroSystems reported on Tuesday in a quarterly filing that “substantial doubt” exists about the company’s ability to ...
CompositesWorld
1d
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 ...
2d
on MSN
Spirit Aero gets planemaker help to prop up weak finances
By David Shepardson, Allison Lampert and Tim Hepher (Reuters) -Spirit AeroSystems said on Tuesday it would receive up to $350 ...
13d
on MSN
Spirit AeroSystems union engineers to vote on new contract
WICHITA
, Kan. (KWCH) - A
Spirit
AeroSystems
spokesperson said on Friday that the company has presented a four-year ...
KAKE.com
13d
Spirit AeroSystems, SPEEA reach tentative agreement on new contract for Wichita engineers
The bargaining team for union-represented engineers has reached an agreement with Spirit AeroSystems on a new four-year ...
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