Breaking News

Spirit AeroSystems CEO Patrick Shanahan to Receive $285 Million Payout

Breaking News:

Spirit AeroSystems CEO Patrick Shanahan is set to receive a substantial payout of $285 million following the company's involvement in the Boeing 737 MAX fuselage issue.

Details:

According to reports, Shanahan's payout will consist of a severance package and other compensation. The payout comes after Spirit AeroSystems, a major supplier of the 737 MAX fuselage, faced significant financial losses due to the grounding of the aircraft following two fatal crashes.

Shanahan's departure from Spirit AeroSystems is part of a broader restructuring effort by the company. The 737 MAX issue has severely impacted Spirit AeroSystems' operations and revenue.