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Spirit AeroSystems raises doubt about continuing as a ‘going concern’
Spirit AeroSystems is warning that its business viability remains in doubt, saying its cash reserves are drying up due to Boeing's sharply reduced production rates and to other factors driving steep losses on its Airbus and Boeing programme work.
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 on these matters," a Spirit spokesperson said.
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.
Can Spirit Aero survive and what it means for Boeing acquisition
Spirit AeroSystems (NYSE:SPR) on Tuesday, November 5, raised concerns about its ability to continue operations, sparking questions about the implications for Boeing (NYSE:BA)'s planned acquisition. In its third-quarter
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, market-moving breaking financial news.
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.
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.
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
Aviation Week
2h
Airbus Must Deliver 211 Aircraft In Two Months To Reach 2024 Target
Airbus Must Deliver 211 Aircraft In Two Months To Reach 2024 Target is published in Aviation Daily, an Aviation Week ...
4h
Spirit Aerosystems Faces Financial Turbulence Amid Merger Costs and Airbus Disposition
Spirit Aerosystems (SPR) has disclosed a new risk, in the Corporate Activity and Growth category. Spirit Aerosystems faces significant ...
4d
on MSN
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 ...
Flightglobal
5d
Airbus expects to sign Spirit work-package acquisition contract before year-end
Airbus aims to sign a contract by the end of this year for the acquisition of work packages currently managed by US firm ...
5d
Airbus Picks Successor for Jetmaking Arm, CEO Stays On
PARIS (Reuters) - Airbus maintained financial and industrial targets as it posted higher-than-expected third-quarter core ...
7d
Airbus names new commercial jet CEO, reaffirms delivery goal
Airbus SE will replace the head of its commercial aircraft business and stick with a goal to deliver about 770 aircraft this ...
5d
Spirit Belfast deal ‘to complete by year end’
Airbus says it expects its takeover of part of the Spirit AeroSystems operation in Belfast to be completed by the end of the ...
2d
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 ...
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