Spirit AeroSystems Warns of Potential Insolvency Amid Cash Challenges

By Yahoo! Finance | Nov 6, 2024 at 10:14 AM EST

Spirit AeroSystems, a key Boeing supplier, faces challenges with cash flow, production issues, and losses. With a debt of $4.4 billion and declining cash reserves, the company seeks additional liquidity through various strategies, including potential asset sales and efficiency measures like layoffs.

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