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Boeing said it has entered a $10 billion credit agreement with four banks, it said in a filing Tuesday. In a separate filing, the planemaker said may also sell up to $25 billion in securities. AdvertisementBoeing plans to raise up to $35 billion to help steady its finances as a machinists' strike enters its fifth week. In a Tuesday regulatory filing, the planemaker said it had entered a $10 billion credit agreement with Bank of America, Citibank, Goldman Sachs, and JPMorgan Chase. Boeing also filed a prospectus stating that it may sell up to $25 billion in securities, including bonds, new shares, and stock options.
Persons: planemaker, , Goldman Sachs, Ron Epstein, Julie Su, Sir Tim Clark, Max midflight, Dave Calhoun, Kelly Ortberg, Starliner Organizations: Boeing, Service, Bank of America, Citibank, JPMorgan Chase, Business, CNN, Anderson Economic Group, Labor, Emirates, Alaska Airlines, Space, NASA, SpaceX Locations: Seattle
The American plane maker has been under intense pressure since early January, when a panel blew off a brand-new Alaska Airlines 737 Max midflight. Photos You Should See View All 60 ImagesTHE CRASHESThe bulk of criticism and investigations swirling around Boeing today center on the company's Max jets. Boeing agreed to pay $2.5 billion to settle a Justice Department investigation, admitting that employees misled regulators about the safety of the 737 Max. Last year, Boeing reported a problem with fittings on Max jets where the fuselage meets the vertical section of the tail. Also under investigation is what prompted the emergency landing in Wichita, Kansas, of a Denver-bound United Airlines flight in December.
Persons: Max midflight, That's, Max, shakeups, David Calhoun, Calhoun, , Organizations: Boeing, Alaska Airlines, Delta Air Lines, United Airlines, Airbus, Indonesia’s, Ethiopian Airlines, Department, MORE, FBI, FAA, Spirit, United Airlines Boeing, Max, Passengers, National Transportation Safety, American Airlines, Southwest Airlines, NTSB Locations: Arlington , Virginia, Addis Ababa, Oregon, Wichita , Kansas, Newark , New Jersey, Denver, San Francisco, Los Angeles,
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