Fly News Breaks for February 18, 2020
Feb 18, 2020 | 07:22 EDT
As previously reported, Benchmark analyst Josh Sullivan initiated coverage of Spirit AeroSystems (SPR) with a Hold rating. Given that about 80% of Spirit sales are derived from Boeing (BA), the fate of the 737 MAX "remains the primary concern" as he anticipates Boeing will take a cautious approach to ramping production. Also, the ongoing accounting review and resignations of a CFO and Controller add further uncertainty, Sullivan tells investors.
News For SPR;BA From the Last 2 Days
Jan 18, 2022 | 16:40 EST
American Airlines Group (AAL) announced the election of Gregory D. Smith to its board of directors. Smith will serve on the board's Audit Committee and Corporate Governance, Public Responsibility and Safety Committee. "We are very pleased Greg has agreed to join the American Airlines board," said American's Chairman and CEO Doug Parker. "Greg is a highly accomplished leader who has held key finance, operations and strategy roles over the course of three decades at Boeing (BA). His experience and strong knowledge of the aviation and aerospace industry will be tremendous assets to American. Smith retired from The Boeing Company (BA) in July after a more than 30-year career. He most recently served as Executive Vice President and Chief Financial Officer, with responsibility for the company's Enterprise Operations, Finance, Strategy and Shared Services organizations. He managed Boeing's overall financial activities and drove operational excellence by overseeing the company's manufacturing, operations, supply chain, quality and program management teams. He also led the company's global financing arm, Boeing Capital, its corporate audit function, and its environmental, social and governance work.