Boeing seeks to borrow US$10b or more amid 737 Max crisis: Source
Boeing is in talks with banks about borrowing US$10b or more amid rising costs for the planemaker after 2 crashes involving its 737 MAX jetliner, a source told Reuters Monday. CNBC reported Monday, citing sources, that Boeing has so far secured at least $6b from banks and is talking to other lenders for more contributions. A source confirmed the talks, but it was still not clear how much Boeing would seek to raise and whether it would pursue the selling of new bonds. One key issue for Boeing is flexibility since it is not clear how long the 737 MAX will remain grounded. Reuters reported Friday that the FAA is now unlikely to approve the plane’s return until March, but that could take until April or longer. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-01-21/general/boeing-seeks-to-borrow-us-10b-or-more-amid-737-max-crisis-source
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Boeing seeks to borrow US$10b or more amid 737 Max crisis: Source
Boeing is in talks with banks about borrowing US$10b or more amid rising costs for the planemaker after 2 crashes involving its 737 MAX jetliner, a source told Reuters Monday. CNBC reported Monday, citing sources, that Boeing has so far secured at least $6b from banks and is talking to other lenders for more contributions. A source confirmed the talks, but it was still not clear how much Boeing would seek to raise and whether it would pursue the selling of new bonds. One key issue for Boeing is flexibility since it is not clear how long the 737 MAX will remain grounded. Reuters reported Friday that the FAA is now unlikely to approve the plane’s return until March, but that could take until April or longer. <br/>
