financetom
Business
financetom
/
Business
/
Airbus nears deal on funding, payment terms with Spirit Aero, source says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Airbus nears deal on funding, payment terms with Spirit Aero, source says
Nov 12, 2024 12:22 PM

(Reuters) - Airbus is poised to finalise an agreement as early as Wednesday with struggling aerospace supplier Spirit Aerosystems ( SPR ) on fresh funding and revised payment terms, a person familiar with the matter said.

Spirit Aero, which said last week it was negotiating possible advances from its customers, did not immediately respond to a request for comment. The company announced earlier it had reached a deal for new advances from Boeing.

An Airbus spokesperson said it had "no comment on any potential support we may provide to our suppliers".

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tapestry Expects Annual Earnings Growth in Fiscal 2025 as Fourth-Quarter Results Top Views
Tapestry Expects Annual Earnings Growth in Fiscal 2025 as Fourth-Quarter Results Top Views
Aug 15, 2024
10:35 AM EDT, 08/15/2024 (MT Newswires) -- Tapestry (TPR) reported better-than-expected fiscal fourth-quarter results on Thursday, while the luxury fashion company anticipates 2025 earnings to be higher than the prior full year. The operator of luxury brands Coach, Kate Spade and Stuart Weitzman posted adjusted earnings of $0.92 per share for the quarter ended June 29, down from $0.95 the...
Hewlett Packard to Acquire Morpheus Data
Hewlett Packard to Acquire Morpheus Data
Aug 15, 2024
10:39 AM EDT, 08/15/2024 (MT Newswires) -- Hewlett Packard Enterprise ( HPE ) said Thursday it agreed to acquire Morpheus Data to enhance its HPE GreenLake cloud platform with advanced hybrid cloud management and automation capabilities. Morpheus' technology will be combined with HPE GreenLake's cloud and HPE's private cloud portfolio, and will still be provided as standalone software. Hewlett Packard...
Boston Beer to Repurchase Up to $63 Million Shares
Boston Beer to Repurchase Up to $63 Million Shares
Aug 15, 2024
10:39 AM EDT, 08/15/2024 (MT Newswires) -- Boston Beer ( SAM ) said Thursday in a regulatory filing that it entered into a 10b5-1 plan to buy back up to $63 million of its class A shares from Sept. 30 to Dec. 27. Boston Beer ( SAM ) shares were up more than 2% in recent trading. Price: 280.65, Change:...
Chevron To Pay Richmond $550M Over 10 Years, Avoids New Refinery Tax
Chevron To Pay Richmond $550M Over 10 Years, Avoids New Refinery Tax
Aug 15, 2024
Chevron Corporation ( CVX ) shares are trading higher Thursday. According to a city statement, the company will reportedly pay the Richmond City Council $550 million over 10 years. The company will pay the $550 million in annual installments from July 1, 2025, to June 30, 2035, reported Reuters. This is part of an agreement that led to the dropping of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved