Airbus is poised to finalize an agreement as early as Wednesday with struggling aerospace supplier Spirit Aerosystems (NYSE: SPR) on fresh funding and revised payment terms, a person familiar with the matter said.
Spirit Aero, which said last week it was negotiating possible advances from its customers, did not immediately respond to a request for comment. The company announced earlier it had reached a deal for new advances from Boeing (NYSE: BA).
An Airbus spokesperson said it had “no comment on any potential support we may provide to our suppliers”.
Airbus NYSE: SPR Spirit AeroSystems
Maria Reed is a financial journalist with a passion for covering US equities. She joined the ABBO News team in June 2023. Maria holds an M.S. degree in International Economics and Finance from Otto-von-Guericke University in Magdeburg and is a CFA Level 2 candidate. Read Full Bio
