Boeing is under pressure to restore slumping production of its strong-selling narrowbody jet
to 38 per month in the second half of the year as it grapples with a sprawling safety crisis following a January mid-air panel blowout on a new 737 MAX plane.
“We've developed a plan that we believe affords us a high degree of confidence that we will meet Boeing’s demand rate and quality expectations,” said Spirit Aero spokesperson Joe Buccino.The planemaker is taking a calculated risk in steadily buying parts from its suppliers to protect its supply chain, despite lower deliveries. The higher spend is pressuring its finances while it is producing well below the U.S. Federal Aviation Administration cap of 38 MAX jets a month.
The company secured additional breathing room this week with a $10 billion debt raising. However, progress on output would help protect its investment-grade rating, said Ben Tsocanos, analyst at S&P Global Ratings.
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