Boeing keeps distressed suppliers airborne if they meet rescue criteria
15th November 2024 09:29 AM
Boeing is stepping up to help suppliers across its vast supply chain that are suffering from years of reduced orders and a recently concluded machinists strike that again brought production at many Boeing factories to a halt.
In many cases, the aerospace giant is willing to act as a lender and advisor to help keep distressed vendors afloat, several sector advisors familiar with Boeing’s efforts said. Highlighting’s Boeing success, since the company’s troubles started in 2020, only a handful of its suppliers have filed for bankruptcy, according to Debtwire data.