(Reuters) -Boeing has offered to acquire Spirit AeroSystems Holdings in a deal funded mostly by stock that values its key supplier at about $35 per share, Bloomberg News reported on Monday, citing people familiar with the matter. This offer represents a premium of nearly 6% over Spirit’s stock closing price of $33.07 on Monday and […]
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By Mike Stone, Allison Lampert and Tim Hepher (Reuters) – Boeing is nearing a deal to buy back Spirit AeroSystems after its former subsidiary made substantial progress in separate talks with Airbus over a transatlantic breakup of the struggling supplier, people familiar with the matter said on Thursday. Boeing initiated talks earlier this year to […]
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(Reuters) -Spirit Airlines is not considering a Chapter 11 bankruptcy and is “encouraged” by the plan it has in place after its deal with JetBlue Airways fell through, the carrier’s top boss said at the annual shareholder meet on Friday. Shares of the ultra-low-cost carrier were down about 2% amid a decline in broader markets. […]
CHESTERFIELD, Mo. – Keep your eyes on the skies this weekend! The world-renowned Blue Angels return to town this weekend for the Spirit of St. Louis Air Show. The U.S. Navy’s Blue Angels, a premier naval aviation team famous for their aerobatic displays, are scheduled to take the skies for airshows on Saturday and Sunday. […]
(Reuters) -Spirit AeroSystems said on Wednesday that finance chief Mark Suchinski would depart the aerospace supplier amid cash flow struggles and ongoing talks to merge with its former owner Boeing. Suchinski, a longtime Spirit executive, will be replaced immediately by board member and former Time Warner Cable executive Irene Esteves. He will remain with the […]
More changes are coming to Spirit Airlines’ policies. The carrier announced it was upping the weight limit for checked bags to 50 pounds and extending the validity of flight credits to 12 months. “Spirit has changed the game before and we’re doing it again with this first round of initiatives that will lead the way […]
Two more candidates joined the Sedgwick County Commission District 3 race Monday ahead of the noon filing deadline. AlmaAnn Jones, a trauma advocate and criminal justice activist who serves on two county advisory boards, will compete against Save Century II founder Celeste Racette in the Democratic primary on Aug. 6. Alan Reichert, a senior financial […]
(Bloomberg) — Spirit Airlines Inc. is losing its chief financial officer to another troubled company — Hertz Global Holdings Inc. — as the carrier works to restructure a crushing debt load and the car rental company reboots after a failed bet on electric vehicles. Most Read from Bloomberg Scott Haralson, who has been Spirit’s CFO […]