The tails of Boeing 737 MAX plane are seen parked at Boeing amenities on the Grant County Worldwide Airport in Moses Lake, Washington, September 16
The tails of Boeing 737 MAX plane are seen parked at Boeing amenities on the Grant County Worldwide Airport in Moses Lake, Washington, September 16, 2019.
Lindsey Wasson | Reuters
Boeing is speaking to banks about borrowing $10 billion or extra, based on individuals acquainted with the matter, as the corporate faces rising prices stemming from two deadly 737 Max crashes.
The corporate has secured no less than $6 billion from banks thus far, the individuals stated, and is speaking to different lenders for extra contributions.
Boeing has been grappling with the cash-sapping fallout of the 2 crashes — one in Indonesia in October 2018 and one other in Ethiopia in March final 12 months — that killed all 346 individuals aboard the 2 flights.
The corporate is suspending manufacturing of the planes this month because the grounding stretches into its 11th month. The return of the jets has confronted a number of hurdles, together with a brand new software issue disclosed by the corporate final week.
Boeing declined to remark.
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