Spirit AeroSystems warns of ability to continue as going concern amid cash crunch
Boeing's (BA) key supplier and acquisition target, has raised substantial doubt about its ability to continue as a going concern amid mounting losses, rapid cash burn and production challenges.  Its debt balance as of September 26 was $4.
Boeing supplier Spirit AeroSystems says there’s ‘substantial doubt’ about its ability to keep operating
Aircraft-parts supplier Spirit AeroSystems Holdings Inc. on Tuesday said that there was “substantial doubt” about its ability to keep running as a “going concern,” as losses, debt, and difficulties at jet maker Boeing Co.
Spirit AeroSystems Reports "Substantial Doubt" Over Continuing As A Going Concern
In Q3, despite its quarterly revenues climbing slightly to $1.47 million from $1.43 million, Spirit AeroSystems’ costs ballooned to $1.7 billion, resulting in an operating and net loss of $350.1 million and $476.6 million, respectively.
Spirit Aero raises doubts over ability to continue as going concern
U.S. supplier Spirit AeroSystems said on Tuesday in a quarterly filing that substantial doubt exists about the company's ability to continue as a going concern.
Spirit AeroSystems responds after Boeing strike ends
Wichita-based Spirit AeroSystems says it will soon end the furloughs of some of its employees and has no immediate plans to implement additional furloughs or layoffs after Boeing workers approved a contract offer on Monday.
Boeing Supplier Spirit AeroSystems Faces Liquidity Challenges, Raises Doubts About Ongoing Viability
Spirit AeroSystems Holdings Inc. (SPR), a major supplier to Boeing, reported significant operating losses in recent years and raised
Key Boeing supplier Spirit Aero raises doubts over ability to continue as going concern
Spirit AeroSystems, a key supplier to US planemaker Boeing, warned on Tuesday there was “substantial doubt” that the company would be able to continue as a going concern.
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Spirit AeroSystems says layoffs, furloughs may be needed
WICHITA, Kan. (KSNW) — In a new filing with the government, Spirit AeroSystems says there is “substantial doubt about the ...
Wall Street Journal10h
Spirit AeroSystems Issues Going-Concern Warning
Spirit AeroSystems Holdings warned it has substantial doubts about its ability to continue operating as a going concern ...
The Business Journals1d
New Spirit AeroSystems filing raises further concern over company's health
Three-week furloughs for 700 Spirit AeroSystems workers began last week tied to impacts from the Boeing machinists strike. A new Securities and Exchange Commission filing from Spirit ...
Morningstar8d
As Boeing's Takeover of Spirit AeroSystems Approaches, Going It Alone Becomes Less and Less Viable
Spirit AeroSystems was the largest independent aerostructure manufacturer, originally spun out of Boeing in 2005. The firm produces fuselages, wing structures, and structures that house and ...
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 ...
Spirit AeroSystems raises doubts over ‘ability to continue as going concern’
Accordingly, these conditions and events raise substantial doubt about the Company’s ability to continue as a going concern…” Published first on TheFly – the ultimate source for real-time, ...
Airbus Outlines Next Steps In Acquisition Of Spirit AeroSystems' Work Packages
Airbus is on track to finalize its acquisition of a work package from Spirit AeroSystems before the end of 2024, marking a ...
Key piece of Boeing's Spirit AeroSystems acquisition — involving aviation giant's arch-rival — remains on track
A Spirit spokesperson said Airbus' stated timeline for finalizing the purchase of certain Spirit assets "aligns with our ...