Colleen Kelleher Sorrentino, CFA’s Post

Boeing is reportedly looking to raise around $10bn via a share sale to rejuvenate the cash reserves. According to a Bloomberg report, citing people familiar with the matter, the share sale would rejuvenate cash reserves deployed as the company contends with the ongoing machinists strike. The report added that the OEM is working with advisers to explore its options. Additionally, an equity raise will be put off for at least a month, with the assumption that it can resolve the current strike. Boeing would not comment on the article. #boeing #boeinglovers #aviationnews #aviation #aviationgeek #aviationdaily #aircraft #aircraftlovers #SasidharanMurugan #Itzmemsd

Boeing Resumes 737 MAX Production Amid Challenges Post-Strike Boeing has restarted 737 MAX production at its Renton, Washington plant after a seven-week strike by 33,000 workers. While operations have resumed, production remains slower due to ongoing supply chain issues and regulatory constraints from the FAA, which currently limits output to 38 planes per month following safety concerns earlier this year. With over 4,200 pending orders and growing airline demand, Boeing is under pressure to meet targets while maintaining safety and quality. Analysts predict production may not reach its goal of 56 planes per month until 2025. Read more about how Boeing is navigating these challenges to stabilize operations and meet industry demands - https://lnkd.in/eU-gK6Nz Boeing #boeing #boeinglovers #boeing737 #boeinglover #boeing737max #aircraft #aircraftlovers #aircrafts #washington #dc #renton #faa #planes #aviation #aviationlove #aviationindustry #aviationnews #breakingnews #latestnews #globalnews #aviators #AviationToday

𝐖𝐞 𝐯𝐢𝐬𝐢𝐭𝐞𝐝 𝐁𝐨𝐞𝐢𝐧𝐠 𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐀𝐢𝐫𝐩𝐥𝐚𝐧𝐞𝐬 𝐢𝐧 𝐒𝐞𝐚𝐭𝐭𝐥𝐞, 𝐔𝐒𝐀 Our Aerosud contracts team, Jaco Olivier & Rob Jonkers (FRAeS), visits Boeing Commercial Airplanes in July 2024 at the Seattle Everett Plant for further negotiations on our Statement of Work into the future, primarily to get an understanding of the planned rate increases envisaged on the B737 and B777X product lines and the timing thereof, as well as discussions on our delivery & quality performance aspects – given that the supply chain on materials is well known to be constrained, where a number of buffer stock mitigation actions are needed to be put in place. All in all an excellent visit where our two companies remain well synchronised in expectations and supportive to supply many parts at short notice against emergent demand. Aerosud also continues to invest in refurbishing much of the 20 year old equipment with new control systems and has added an additional CMS 5 axis machine which is nearing commissioning on-site as a springboard to support the higher volume output that will be required. #aircraft #manufacturing #refurbishments #B737 #B777X #advancedmanufacturing #aerospaceindustry #teamwork #grateful #partnership #contracts #support #machining

✈️ 𝐁𝐨𝐞𝐢𝐧𝐠 𝐁𝐨𝐨𝐬𝐭𝐬 𝐒𝐩𝐢𝐫𝐢𝐭 𝐀𝐞𝐫𝐨𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐰𝐢𝐭𝐡 $𝟑𝟓𝟎𝐌 𝐋𝐢𝐟𝐞𝐥𝐢𝐧𝐞 𝐀𝐦𝐢𝐝 𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐡𝐚𝐢𝐧 𝐒𝐭𝐫𝐮𝐠𝐠𝐥𝐞𝐬 💸 Boeing has announced that it will provide up to $350 million in advance payments to Spirit AeroSystems, offering the struggling supplier critical financial relief. Spirit Aero, which has been dealing with prolonged financial difficulties, previously issued a "going concern" warning as it anticipates significant cash outflow due to ongoing operational challenges and high inventory levels. The advance from Boeing aims to support Spirit’s production of Boeing parts, maintaining output levels amid inventory backlogs and elevated factory costs stemming from recent labor strikes and production delays. In addition, Boeing, which recently faced a 53-day strike affecting production, is planning a gradual restart of its 737 MAX output as machinists return to work. Boeing’s financial assistance to Spirit AeroSystems, which will need to be repaid by 2026, reflects Boeing’s efforts to stabilize its supply chain and meet demand for its commercial jets. Stay updated with the latest insights by visiting xpylon.com. https://lnkd.in/dgxnkRy8 #Aerospace #Aviation #Transportation #USAviation #AviationNews #AerospaceNews

You only get what you pay for

Another loss for Boeing. Not a good sign. This kind of performance is not what merits any executive salaries above 6 figures, and you would think would lead to some serious layoffs in leadership beyond the CEO. This makes some sense geo-politically, except that they had committed to the KC-46, and were replacing a Boeing tanker in the first place. No longer is Boeing the Easy Button for large aircraft, and it should be. The growing market of competition (Embraer, Airbus) is good overall, but this was Boeing's to lose and they did not disappoint. I want Boeing selling KC-46s in baker's dozens to all of our friends, F-18s around the world, unmanned platforms with cutting edge tech, and commercial aircraft that are unmatched in quality and capability. There is some effort ahead if that is to happen. And not at the accountant level.

Spirit AeroSystems Losses Widen Amid Boeing Strike!!! ➡️$350 million loan drawn, only $218 million cash left at end of Q3. ➡️Boeing hasn't paid $425 million in expected cash advances. ➡️Furloughs announced: 700 workers for 21 days starting Oct 28. ➡️Spirit posted $217 million net loss in Q3, compared to $101 million last year. ➡️Boeing's planned $4.7 billion acquisition of Spirit still on track for mid-2025. ➡️Spirit’s backlog is $48 billion, including Boeing and Airbus work. ➡️➡️Please like, comment, share, follow... ➡️➡️ #PoynterSpiritSale https://lnkd.in/dn2HtjyT

Massive disruptions ahead! Boeing drops a bombshell with up to 17,000 job cuts 💣 $5 billion loss rocks the company’s foundation 💸 But there's more…...  delays hitting the 777X project,  and the implications are huge for the aerospace industry! 🛩️ How will this reshape the future of aviation? 🌍 Get ready for a turbulent ride through Boeing's challenging landscape 🌀 What does this mean for the workforce and industry stability? 🧐 Read more on this dramatic turn of events and its ripple effects https://lnkd.in/d6a4pWqf  @karmactive 📰 Stay informed, stay connected! 📲  #Boeing #Aerospace #JobCuts #FinancialLoss #Aviation

Amid Boeing's 737 Max safety crisis, CEO Dave Calhoun announced his intention to step down by the year's end. Boeing disclosed that Calhoun's total compensation for 2023 amounted to $32.8 million, marking an increase from $22.6 billion. Moving forward, the company pledges to align more executive compensation with safety objectives.  www.evolvepublication.com #BoeingCEO #DaveCalhoun #SafetyCrisis #ExecutiveCompensation #CorporateLeadership #CorporateGovernance #BusinessNews #SafetyGoals #EvolvePublication #BusinessInsights #BusinessPublication

🚨 Breaking: Boeing’s Future in Turmoil 🚨 How did we get here? S&P Global Ratings is considering downgrading Boeing’s credit score to junk status. The iconic company is grappling with a prolonged labor strike and fallout from past crises, including two tragic 737 Max crashes. S&P estimates a $10 billion cash outflow for Boeing in 2024. With $4 billion in debt due in 2025 and another $8 billion in 2026, the stakes are high. If the strike continues, a downgrade becomes more likely. What does this mean for Boeing’s future and the broader aerospace industry? Let’s discuss. 💬 #Boeing #SPGlobalRatings #Aerospace #Finance #CreditRating #LaborStrike #737Max