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Boeing seeks to borrow $10 billion or more amid 737 MAX crisis: source
Boeing Co is in talks with banks about borrowing $10 billion or more amid rising costs for the U.S. planemaker after two crashes involving its 737 MAX jetliner, a source told Reuters on Monday......»»
Boeing seeks UK decision on Wedgetail jet buy this year: executive
Boeing hopes Britain will decide this year on plans to buy E-7 Wedgetail early warning jets, an executive said, after talks last year sparked a row over competition in arms procurement......»»
Boeing"s defense unit reports $151M in 1st-quarter earnings
Boeing’s Defense, Space & Security unit reported $151 million in earnings in the first quarter this year, a turnaround from a $212 million loss in the same period of 2023......»»
Poland"s LOT in talks to convert Boeing Dreamliners for freight
Polish airline LOT is in talks with Boeing to modify its 787 Dreamliner jets into temporary cargo carriers, a LOT spokesman told Reuters, in a move that could help to narrow losses from the coronavirus crisis......»»
Boeing Terminates $4.2 Billion Deal to Buy Stake in Embraer Unit
Boeing, which is contending with the economic fallout from the pandemic and the grounding of its 737 Max jets, said Saturday that it had terminated an agreement to buy 80 percent of Embraer’s commercial jet business for $4.2 billion......»»
Boeing pulls out of $4.2 billion deal for Embraer"s commercial jet unit
Boeing Co on Saturday said it had canceled a $4.2 billion deal to buy the commercial jets division of Embraer , unraveling years of work on what the Brazilian planemaker expected to be a transformative move......»»
GE aircraft leasing unit cancels 69 737 MAX orders
General Electric Co's aircraft leasing subsidiary canceled 69 orders for Boeing Co's grounded 737 MAX jets on Friday, as it evaluates its order book in the wake of the coronavirus pandemic......»»
Caterpillar seeks fresh $3 billion loan to boost liquidity: source
Caterpillar Inc is in talks with banks for a fresh $3 billion nine-month revolving credit facility, a person familiar with the matter said on Thursday......»»
Bombardier to suspend business jet production in Canada over coronavirus: source
Bombardier is suspending Canadian production of its corporate jets to comply with restrictions placed by provincial governments aimed at curbing the spread of the coronavirus, a source familiar with the matter said on Monday......»»
As Boeing Faces Disaster, Spin Out of Defense Unit Becomes Essential
Due to a lack of orders, unless the government gives its aid, Boeing could become worthless to common shareholders. Regardless, its defense, space and security units have been an ongoing success......»»
Boeing in talks for short-term U.S. government assistance: source
Boeing Co is in talks with senior White House officials and congressional leaders about short-term assistance for itself and the aviation sector, a person familiar with matter told Reuters on Monday......»»
Boeing to draw down billions in loan cash as pressure builds
Boeing Co is planning to draw down the rest of a $13.8 billion loan it agreed last month, a source told Reuters on Wednesday, as the coronavirus outbreak adds to pressure on the U.S. plane-maker due to the grounding of its 737 MAX jets......»»
Defense agency OKs Israel"s plan to buy Boeing KC-46 tankers in $2.4B deal
Boeing has won approval from the U.S. State Department for the sale of eight KC-46 military refueling tanker jets and related equipment to Israel for an estimated $2.4 billion, a federal agency said Tuesday. Details of the Israeli deal were revealed.....»»
Brazil"s GOL sees 737 MAX flying by April, compensation talks ongoing
Brazilian low-cost carrier GOL, which has 130 of Boeing's grounded 737 MAX jets on order, expects to be flying the jet by April and hopes to secure a compensation deal within months, chief financial officer Richard Lark said on Monday......»»
Boeing seeks $10 bln amid 737 MAX crisis: source
The world's largest commercial aircraft manufacturer is seeking to borrow $10 billion or more as it awaits approval for its 737 MAX planes to fly again. Libby Hogan reports......»»
Boeing Could Spin Off Defense Unit to Salvage Stock
The 737 Max debacle has ruined the financial results of Boeing's commercial division. However, it has the chance to salvage investor results if it spins off the defense, space and security businesses........»»
Airbus begins talks to restructure defense and space unit, WSJ reports
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Mexico, U.S. draw closer to finalizing USMCA: source
U.S. and Mexican negotiators are "very close" to finalizing the United States-Mexico-Canada Agreement, a Washington-based source familiar with the talks said on Saturday, after a top Mexico official said the two sides had made progress on the trade deal......»»
$1.77B Boeing defense deals boost company as commercial aircraft sales flounder (Photos)
The deals include a contract from NATO to upgrade AWACS surveillance jets that have been part of several key missions for two decades......»»