Spirit AeroSystems shares fall, company holds talks with Boeing on 737 MAX

SEATTLE: Shares in Spirit AeroSystems Holdings Inc tumbled 13 per cent on Tuesday after the key Boeing Co supplier warned it was seeking relief from its lenders due to Boeing's move to reduce parts shipments substantially this year.

Earlier this year, Spirit reached a deal with Boeing to make 216 shipsets, as complete sets of parts are known, in 2020, but that was cut down to 125 shipsets in May, as the coronavirus crisis spread and several airlines started deferring deliveries of planes.

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