Problems at Boeing cast a shadow over 777 freighter conversion certification
At a time when large widebody freighters are in hot demand, the supply of Boeing ...
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RXO: POST-CALL RXO: LEVERAGE RANGE RXO: TOP FIVE BROKERS SHARE RXO: COYOTE BRIDGE FUNDING RXO: COYOTE DEAL STRUCTURE SCRUTINISED RXO: UPS AS A NEW CUSTOMER RXO: PACE OF COYOTE SYNERGIESRXO: CUSTOMERS EXCITED ABOUT COYOTE DEALRXO: QUESTIONS ABOUT PRODUCTIVITYRXO: DIVERSIFICATIONRXO: MANAGEMENT BULLISH RXO: COYOTE DEAL CONF CALL MAERSK: BOUNCING OFF AAPL: EU WATCHAAPL: LOOKING FOR UPSIDETGT: SHOPIFY PARTNERSHIP DISCLOSEDRXO: RALLYINGDSV: UNICEF PARTNERSHIPRXO: UPS DEAL SYNERGIES
Boeing’s struggles are beginning to hit its suppliers, with aerospace manufacturer Spirit – currently in the news for its Boeing whistleblower – announcing a massive staff lay-off as a consequence of the embattled plane-maker’s slowing delivery rates. CNBC reports that Spirit staff were told through a company memo that 400-450 would be handed their marching orders. Spirit, which supplies the fuselages for Boeing’s 737 Max, noted during its Q1 announcements that Boeing deliveries were down 31% year-on-year – with its overall deliveries down 11.3% over the three-month period. Given the hit in demand taken by the 737 Max took after a door panel blew out, it is perhaps none too surprising. But, having been spun off by Airbus’s biggest competitor in 2005, Spirit is now in talks to be bought back by Boeing.
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