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.
This story is growing. Please verify again for updates.