Boeing Co has secured financing commitments for more than $12 billion from over ...
FILE PHOTO: A Boeing logo is seen at the company's facility in Everett after it was announced that their 777X model will make its first test flight later in the week in Everett, Washington, U.S. January 21, 2020. REUTERS/Lindsey Wasson
- Boeing Co has secured financing commitments for more than $12 billion from over a dozen banks, a source familiar with the matter said on Monday, as financial pressures mount due to a production halt on its 737 MAX aircraft.Boeing declined to comment.reut.rs/37vYQnn that Boeing was in talks to obtain up to $12 billion in loans and that Citigroup was leading the transaction along with JP Morgan, Wells Fargo and Bank of America.
Analysts estimate that Boeing has been losing around $1 billion a month because of the grounding after two crashes involving the 737 MAX jetliner. The company reported an almost $3 billion negative free cash flow for the third quarter.Reporting by David Shepardson in Washington and Ayanti Bera in Bengaluru; Editing by Maju Samuel
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alan Ball’s ‘Uncle Frank’ Acquired By Amazon In $12 Million Worldwide Deal: SundanceAmazon acquired Uncle Frank, the Alan Ball-directed drama that has been one of the early buzz sales titles at 2020 Sundance. Deal was $12 million in a worldwide deal. This was done in competitive b…
Read more »
Sundance Comes Alive With Pair Of $12 Million Deals For ‘The Night House’ & ‘Uncle Frank’The deal drought at Sundance ended last sales market when Searchlight Pictures entered into advance negotiations for the David Bruckner-directed Midnight Section thriller The Night House, starring …
Read more »
Amazon Studios Buys ‘Uncle Frank’ for $12 Million Out of Sundance (EXCLUSIVE)Amazon Studios has bought “Uncle Frank,” an acclaimed drama about a closeted gay man forced to come out to his Southern family in the 1970s. The film debuted this weekend at the Sundanc…
Read more »
Searchlight Pictures Closing $12 Million WW Rights Deal For Sundance Thriller ‘The Night House’EXCLUSIVE: In the first major deal on the ground at the 2020 Sundance Film Festival, Searchlight Pictures is closing a worldwide rights deal for around $12 million for the David Bruckner-directed t…
Read more »
Boeing 777X jetliner successfully completes maiden flightBoeing Co on Saturday successfully completed the maiden flight of the world&039...
Read more »
Kuwait could need $180 billion in financing over the next six years: IMFThe International Monetary Fund estimates that Kuwait's financing needs wil...
Read more »