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.
Boeing workers who were furloughed will be getting their paychecks back, announced CEO Kelly Ortberg Thursday.
Boeing instituted rolling furloughs in September, with tens of thousands of employees asked to take off one out of every four ...
The furloughs and subsequent layoffs were sufficiently painful to drive a real reckoning that forced us to evaluate whether our actions were driving value or just tied to inertia. Rufo: Will this ...
Boeing CEO Kelly Ortberg announced on Friday that employees who were furloughed during the strike will be repaid.
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Spirit AeroSystems plans no additional furloughs or layoffs after Boeing strike endsWichita-based Spirit AeroSystems says it is not planning to implement additional furloughs or layoffs after Boeing workers ...
Boeing Co. Chief Executive Officer Kelly Ortberg moved to patch up relations with workers after a bruising seven-week strike, ...
CEO Kelly Ortberg issued a message to staff who were furloughed during the machinists’ strike Thursday saying the company ...
About 33,000 workers at the aerospace manufacturer had been on strike for nearly two months, having rejected two earlier ...
Talks have resumed between Boeing and the International Association of Machinists & Aerospace Workers (IAM) District 751 on ...
"We would not be surprised to see another such arrangement be announced," a prominent Wall Street aerospace sector analyst ...
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