Cautious Hold on Boeing Amidst Uncertainty With Spirit AeroSystems
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Spirit AeroSystems warns of 'significant doubt' about its ability to continue operations.
Gelonghui November 6th | Boeing's main supplier, Spirit AeroSystems, warned on Tuesday that the company has "significant questions" about its ability to continue operations. Last month, Spirit Aero stated that due to the ongoing strike by Boeing workers, the company is depleting its dwindling cash reserves. According to a document from October, as of the end of the third quarter of 2024, Spirit's cash balance was 0.218 billion US dollars. The latest disclosure comes as Boeing seeks to resume production of its 737 MAX, following weeks of strikes that ended on Monday night.
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