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They were spun off from Boeing though and I think focusing on them as an entity separate from Boeing for finding fault is the kind of reason why Boeing spun the
by lamontcg 3y ago
They were spun off from Boeing though and I think focusing on them as an entity separate from Boeing for finding fault is the kind of reason why Boeing spun them off. We shouldn't take that bait and should be considering them a division of Boeing (yeah, even though they also sell parts to Airbus).
And Spirit seems entirely financially screwed as a company, they haven't had a positive gross margin since before Covid and on top of that they're now spending half their revenue on interest on their debt. Having Spirit eat those losses is probably great for Boeing's financials and stock price. They should likely be forced by the government to take Spirit over again.