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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
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.
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.
Seeking Alpha
7h
Airbus: No Boeing-Like Crisis, But Airplane Delivery Target Is Slipping
In October,
Airbus
booked no wide body orders, but it was definitely not a bad month. The order for 60
Airbus
A321neo ...
23h
Airbus defends free trade amid growing tariff jitters
ZHUHAI, China, Nov 12 (Reuters) - The head of Airbus (AIR.PA) China said on Tuesday that Chinese certification of its A330neo ...
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 ...
RCR Wireless News
13h
Airbus to replace Wi-Fi with 5G in “all industrial areas” within five years
Airbus talks private 5G in relation to... targets, vendors, blueprints, integration, URLLC, RedCap – and is brilliant in ...
Flightglobal
20h
Airbus Helicopters keeps pressure on rate ramp-up to address swelling backlog
Airbus Helicopters is attempting to keep pace with an aggressive ramp-up target across its entire programme range to bring ...
4d
Airbus Delivers 62 More Planes, Chasing Challenging Full-Year Target
PARIS (Reuters) - Airbus delivered 62 aircraft in October to bring the total so far this year to 559, the planemaker said on ...
Business Insider
14h
Spirit AeroSystems announces restated Memorandum of Agreement with Airbus
Spirit AeroSystems (SPR) announces a Second Amended and Restated Memorandum of Agreement with
Airbus
(EADSY), in which
Airbus
has agreed to provide Spirit a non-interest-bearing line of credit in ...
Flightglobal
14h
EFW’s Airbus freighter conversions reach triple figures
Modification venture EFW has reached triple figures with Airbus passenger-to-freighter conversions, with the delivery of an ...
12h
on MSN
Airbus nears deal on funding, payment terms with Spirit Aero, source says
Airbus is poised to finalise an agreement as early as Wednesday with struggling aerospace supplier Spirit Aerosystems on ...
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