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Spirit Aero raises doubts over ability to continue as going concern

2024.11.05 17:30

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

© Reuters. FILE PHOTO: A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. REUTERS/Benoit Tessier/File Photo

Last month, the company said was burning through dwindling cash reserves, as a strike by Boeing (NYSE:)’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.



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