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 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,
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A key supplier to both Boeing and Airbus, as well as smaller jetmakers like Bombardier (BBDb.TO), opens new tab, Spirit ...
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Modification venture EFW has reached triple figures with Airbus passenger-to-freighter conversions, with the delivery of an ...
Michael Schoellhorn, chief executive of Airbus Defence and Space, said the re-election of Donald Trump in the US was only the “most recent wake-up call” for Europe.
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