Spirit
By Tim Hepher BRUSSELS (Reuters) – The head of European planemaker Airbus said talks to finalise the takeover of part of troubled U.S. aerostructures supplier Spirit Aerosystems were going smoothly but that bringing it into Airbus would “not be a walk in the park”. Airbus plans to take over the…
By David Shepardson, Allison Lampert and Tim Hepher (Reuters) -Spirit AeroSystems said on Tuesday it would receive up to $350 million in advance payments from its largest customer Boeing (NYSE:), giving the struggling supplier a lifeline as it burns cash after four consecutive years of losses. The Wichita, Kansas-based aerostructures…
Investing.com — Spirit AeroSystems (NYSE:) on Tuesday, November 5, raised concerns about its ability to continue operations, sparking questions about the implications for Boeing (NYSE:)’s planned acquisition. In its third-quarter financial report, the aerospace manufacturer disclosed “substantial doubt about the Company’s ability to continue as a going concern exists.” “The…
Halloween spending is forecast to drop by 5% this year, as inflation hits household spending.Spirit Halloween is expanding to Christmas with 10 new stores in the northeast.Winter holiday spending is projected to rise by 7%, per PwC. Halloween shoppers are tightening their wallets this year, but the season’s biggest retailer…
I’ve worked at Spirit Halloween for three years and have seen many customers make the same mistakes.I always encourage shoppers to invest in high-quality pieces they can reuse year after year. Many customers forget to check Halloween makeup for irritants and allergens. Halloween has always been more of a lifestyle than…
All of America’s major low-cost airlines have reported their second-quarter 2024 earnings, and the numbers don’t look good.The budget carriers, like Spirit and Southwest Airlines, have struggled to generate profits despite strong demand for summer air travel.”Summer demand remains robust and load factors have been strong; however, significant industry capacity…
This as-told-to essay is based on a conversation with Amanda Mrokez, an American student in Cologne, Germany. The following has been edited for length and clarity.In 2021, I withdrew from Central Michigan University and moved to Germany to pursue a teaching degree at the University of Cologne.I grew up in…
(Updated – July 17, 2024 11:30 AM EDT) Investing.com — U.S. stock futures fell sharply Wednesday, with the tech stocks in sharp retreat as the quarterly earnings season continues. Here are some of the biggest U.S. stock movers today: Taiwan Semiconductor Manufacturing (TSM) stock fell 5% after Donald Trump, the…
By Mike Stone, Tim Hepher and Abhijith Ganapavaram WASHINGTON (Reuters) – Hashed out in three-way talks between plane giants and one of their key suppliers, Boeing (NYSE:)’s $4.7 billion deal to buy back Spirit AeroSystems (NYSE:) is a rare triangular deal born out of crisis. The merger, variously code-named “Sphere”…
(Reuters) -European planemaker Airbus will take over core activities at four Spirit Aerosystems plants as arch-rival Boeing (NYSE:) agrees to buy the world’s largest standalone aerostructures company in a $4.7 billion stock deal. The two main plants involved in the transfer are Kinston, North Carolina, where Spirit makes a crucial…
