Boeing to draw down $13.8bn from loan due to the coronavirus and MAX grounding
Boeing’s shares fell as much as 11% on the news, while the planemaker said separately that it won 18 new orders for wide-body planes in February
11 March 2020 - 17:55
Washington/Bengaluru — Boeing is planning to draw down the rest of a $13.8bn loan it agreed last month, a source told Reuters on Wednesday, as the coronavirus outbreak adds to pressure on the US planemaker due to the grounding of its 737 MAX jets.
The source said that the company was taking the step because of overall market volatility and not due to the changing of the return to service date of its 737 MAX aircraft, which has been steadily pushed out and is now expected at earliest mid-year...
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