Boeing to Receive More Than $12 Billion in Financing Amid 737 MAX Issues -CNBC

Date : 01/27/2020 @ 8:54PM
Source : Dow Jones News
Stock : Boeing Co (BA)
Quote : 275.11  -12.65 (-4.40%) @ 1:00AM
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Boeing to Receive More Than $12 Billion in Financing Amid 737 MAX Issues -CNBC

Boeing (NYSE:BA)
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--Boeing Co. (BA) has secured more than $12 billion in financing from about a dozen banks as it looks to shore up its balance sheet amid struggles to get its 737 MAX jets off the ground, CNBC said.

--Initially, Boeing had tried to get a loan of $10 billion, CNBC reported last week.

--The company's 737 MAX jets have been grounded since last March following two fatal crashes involving the model.

Full story:

https://www.cnbc.com/2020/01/27/boeing-secures-more-than-12-billion-in-financing-to-help-weather-737-max-crisis.html

 

Write to Kimberly Chin at kimberly.chin@wsj.com

 

(END) Dow Jones Newswires

January 27, 2020 15:39 ET (20:39 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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