financetom
Business
financetom
/
Business
/
Spirit Aero raises doubts over ability to continue as going concern
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Spirit Aero raises doubts over ability to continue as going concern
Nov 5, 2024 2:52 PM

(Reuters) - U.S. supplier Spirit AeroSystems ( SPR ) said on Tuesday in a quarterly filing that substantial doubt exists about the company's ability to continue as a going concern.

Last month, the company said was burning through dwindling cash reserves, as a strike by Boeing's U.S. factory workers hammered the finances of its biggest supplier.

Spirit Aero said that it had drawn down an entire $350 million bridge loan set up when Boeing agreed to acquire the supplier in June, confirming an earlier report from Reuters.

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 >
White House says chips deals could perhaps expand to other companies
White House says chips deals could perhaps expand to other companies
Aug 12, 2025
Aug 12 (Reuters) - The White House said on Tuesday that perhaps deals could be expanded to other chip companies after Nvidia ( NVDA ) and Advanced Micro Devices ( AMD ) agreed to give the U.S. government 15% of revenue from sales to China of certain advanced chips. It stands with these two companies, perhaps it could expand in...
Leef Brands Up 10% as It Upsizes a Private Placement Offering to $1.9 Million
Leef Brands Up 10% as It Upsizes a Private Placement Offering to $1.9 Million
Aug 12, 2025
01:42 PM EDT, 08/12/2025 (MT Newswires) -- Leef Brands ( LEEEF ) was last seen 10% after the company on Tuesday upsized a private-placement offering of share units to $1.9 million from its prior target of $1 million. The company will now offer 7.6-million shares units priced at $0.25 and made up of a share and a two-year warrant to...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
ProSieben investor General Atlantic opts for Czech PPF offer, shuns MFE, sources say
ProSieben investor General Atlantic opts for Czech PPF offer, shuns MFE, sources say
Aug 12, 2025
MUNICH (Reuters) -Financial investor General Atlantic has tendered its 2.4% stake in German media group ProSiebenSat.1 to Czech investment company PPF, two people familiar with the matter told Reuters on Tuesday. By taking PPF's cash offer of 7 euros ($8.17) per share for ProSieben, General Atlantic is going against the endorsement of ProSieben's management for a higher rival offer by...
Copyright 2023-2026 - www.financetom.com All Rights Reserved