Thursday , July 9 2020

Boeing gets $ 12B in financing to weather MAX crisis – CNBC – Seeking Alpha,

Boeing ( BA – 1.5% ) lifts off its Lows of the day after CNBC reports the company has secured more than $ 90 B in financing from more than a dozen banks, shoring up its balance sheet amid the nearly yearlong grounding of the MAX.

The company was trying to secure a loan of $ 27 B, CNBC reported last week .

Boeing is expected to detail its financing strategy when it reports earnings before the market opens on Wednesday.

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