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Boeing negotiated a $ 10 billion loan from banks

The symbol of Boeing Group. Photo: AFP / TTXVN

So far, the aircraft maker has secured at least $ 6 billion from banks. Boeing is negotiating with other banks to borrow more. Analysts expect Boeing to lose about $ 1 billion a month due to two plane crashes and the airline reported a free cash flow of $ 3 billion in the third quarter of 2019.

Earlier this week, Boeing released a report that said its 2019 order volumes were the lowest in decades, with the lowest number of aircraft delivered to customers in 11 years.

Boeing has consistently led European rivals in aircraft output since 2012. However, after two serious plane crashes by Lion Air in October 2018 and Ethiopian Airlines in March 2019. Killing 346 people, Boeing 737 MAX aircraft have been banned from flying worldwide since March 2019. The 737 MAX incident caused Boeing to lose more than $ 9 billion and the figure may not have stopped there, while a major supplier of the cargo was forced to cut 2,800 employees.

The latest revelations make it clear that despite a change in leadership, Boeing will continue to face investigations in 2020 for the actions that led to the accidents. Beoing is still trying to apply for a license for the 737 MAX to return, while restoring its badly damaged reputation.

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