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Top related persons:
Benoit Tessier - 1 planemaker - 1 Patrick Shanahan - 1 Mark Suchinski - 1 Valerie Insinna - 1 Chris Reese - 1 Stephen Coates - 1
Top related locs:
Le Bourget Paris France
Top related orgs:
Boeing - 1 International Paris Air - 1 Le - 1 REUTERS - 1 Rights - 1 Airbus - 1 Thomson - 1

Search resuls for: "Mark Suchinski"


2 mentions found


☆ Shares of Spirit Aero down 16% as company looks to raise cash
  + stars: | 2023-11-07 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsWASHINGTON, Nov 7 (Reuters) - Shares of Spirit AeroSystems (SPR.N) dropped 16% in extended trade after the company announced new measures meant to raise capital for the embattled aerospace supplier. The company announced a proposed public sale of $200 million of its Class A common stock. It also plans to issue $200 million in convertible debt set to mature in 2028. Chief Financial Officer Mark Suchinski said then that the company "continue(s) to evaluate all refinancing options to address debt," including $1.2 billion of debt set to mature in 2025, "as well as our overall liquidity." Reporting by Valerie Insinna; Editing by Chris Reese and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
Persons: Benoit Tessier, planemaker, Patrick Shanahan, Mark Suchinski, Valerie Insinna, Chris Reese, Stephen Coates Organizations: Boeing, International Paris Air, Le, REUTERS, Rights, Airbus, Thomson Locations: Le Bourget, Paris, France
☆ Aerospace suppliers flag cash flow warning as jet production hits turbulence
  + stars: | 2022-11-18 | by ( Abhijith Ganapavaram | ) www.reuters.com   time to read: +2 min
Nov 18 (Reuters) - Aerospace suppliers are staring at the prospect of dwindling cash flow as they struggle with excess inventory due to production challenges at top planemakers Boeing Co (BA.N) and Airbus SE (AIR.PA). Boeing-supplier Spirit AeroSystems Holdings Inc (SPR.N) said earlier this month a "challenging environment" is "putting a lot of pressure on our ability to generate cash". "We've got to carry extra inventory buffers because of supply chain," Spirit's finance chief, Mark Suchinski, had said. An inventory build opens up the possibility that companies may struggle in the event of a downturn but aerospace executives maintain demand is strong. "Our analysis indicates healthy growth in aircraft deliveries even through a severe recession," CFRA Research senior equity analyst Colin Scarola said.
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