Boeing's plan to repurchase supplier Spirit AeroSystems has faced pricing disputes over Airbus components. Boeing will provide Spirit with a $425 million advance payment to address issues like inventory and cashflows. The companies have entered a memorandum of agreement to improve the supplier's problems. Ryanair CEO criticized Spirit's quality, mentioning Boeing's backlog in deliveries.
BOEING CEO SAYS SPIRIT DEAL `NOT DELAYED'; `NOTHING OFF RAILS' $SPR $BA
$SPR (+1.3% pre) $BA Boeing, Spirit agree $425 million deal to address supplier's issues - Reuters https://t.co/BYWN2I7B2F
* RYANAIR CEO: SPIRIT WAS BUILDING 'SHITTY' QUALITY IN WICHITA AND SEATTLE HAD TO FIX THE DEFECTS, THAT HAS NOW STOPPED * RYANAIR CEO: IT WILL TAKE 12-18 MONTHS FOR BOEING TO ELIMINATE BACKLOGS IN DELIVERIES @reuters $BA $SPR
#Boeing is giving subcontractor Spirit Aerosystems $425 million in advance payments so it can maintain production and allow the US aviation giant to fulfill its orders, a regulatory filing shows. https://t.co/yNqUHXlabo
Spirit AeroSystems said Boeing would give it advance payments of $425 million and help it address issues like higher levels of inventory and lower cashflows after the US aviation regulator capped the planemaker's 737 MAX production. More here: https://t.co/ERQl1TC5a8
⚠️ SPIRIT, BOEING ENTER INTO MEMORANDUM OF AGREEMENT TO IMPROVE AERO SUPPLIER'S ISSUES Full Story → https://t.co/Iw0K2HUNIj
Spirit, Boeing enter into memorandum of agreement to improve aero supplier's issues https://t.co/L6d1L7gojP https://t.co/DnwIlwmKGt
SPIRIT AEROSYSTEMS: TO SUPPORT BOEING’S CONTRACTUAL DEMAND $SPR BOEING WILL PAY ADVANCE PAYMENT OF $425M $BA
Boeing's plan to buy back supplier Spirit AeroSystems has become mired in protracted discussions over pricing for factories that make components for Airbus. https://t.co/esyWS0WxSd
Boeing’s plan to buy back supplier Spirit AeroSystems has become a protracted process over pricing for factories that make components for Airbus. https://t.co/rHIuviP1Yi
BOEING TALKS FOR SPIRIT PURCHASE ONLY PROGRESSING SLOWLY $BA $SPR
Boeing to face questions on potential CEO candidates, Spirit talks https://t.co/Bp6o9ISZFi https://t.co/DiC8rfDl1q