Spirit AeroSystems and Boeing have reached an agreement following the U.S. aviation regulator s decision to limit Boeing s 737 MAX production. Boeing will provide Spirit with $425 million in advance payments and support to tackle issues such as inventory levels and cash flow challenges. This arrangement coincides with discussions for Boeing to potentially acquire Spirit, its former subsidiary.
The new actions from Boeing come after the Federal Aviation Administration on Friday extended the grounding of 171 MAX 9 planes indefinitely for new safety checks