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Yeah the MAX itself isn't as much of a problem as the outsourcing. Spirit is a financial tire fire. They've had zero gross margin since the pandemic and they'
by lamontcg 3y ago
Yeah the MAX itself isn't as much of a problem as the outsourcing.
Spirit is a financial tire fire. They've had zero gross margin since the pandemic and they're now burning through half their revenue in interest payments on top of that. Boeing is offloading those losses onto them in order to juice up their own profits. Boeing should probably just be forced to reacquire them.
- nostrademons 3y agoClarification for anyone who is as confused as I was: Spirit Aerosystems, not Spirit Airlines. Spirit Aerosystems is the subcontractor that made the door plug. It was spun out of Boeing in 2005 and still has tight employee connections. Spirit Airlines has no connection to Boeing; they actually run an all-Airbus fleet.