WASHINGTON: Boeing Co has hired investment banks Lazard and Evercore Inc to assess potential US government assistance or private sector loans, a person briefed on the matter confirmed on Friday.
Boeing could also take part in a Treasury-backed Federal Reserve lending programs and one analyst said it could raise up to US$11.25 billion under one facility. It also indefinitely extended the halt of its production operations at its Washington state facilities. Boeing's airline customers have deferred taking new aircraft and making pre-delivery downpayments, compounding a crisis over the year-old grounding of Boeing's previously fast-selling 737 MAX jet after two fatal crashes.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boeing hires Lazard, Evercore to assess government aid, private sector loans: sourceBoeing Co has hired investment banks Lazard and Evercore Inc to assess potential U.S. government assistance or private sector loans, a person ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Boeing considers potential 10per cent cut to workforce: WSJBoeing Co is considering a plan to cut its workforce by about 10per cent, which could involve buyouts, early retirements and involuntary layoffs, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Boeing hires Lazard, Evercore to assess government aid, private sector loans: sourceBoeing Co has hired investment banks Lazard and Evercore Inc to assess potential U.S. government assistance or private sector loans, a person ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Exclusive: JPMorgan looking to offload Saudi and UAE sovereign fund loans - sourcesJPMorgan is seeking to sell at a discount loans raised by the sovereign wealth funds of Saudi Arabia and the United Arab Emirates, according to ... Great going supporting oil!
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Coronavirus: Virgin Australia grounds almost all domestic flights, seeks government aidSYDNEY (REUTERS) - Virgin Australia Holdings said on Thursday (April 9) it would ground all domestic flights, except a single daily Sydney-Melbourne service through June 15, as it continues to seek government aid to weather the coronavirus crisis.. Read more at straitstimes.com. Branston’s company looking for handouts,unbelievable.👎 It’s actually Singapore Airlines company... Virgin isn’t Australian, it is 96% foreign owned. They pay no tax. They’ve stood down their staff. Let their owners who take the profits bail them out.
Source: The Straits Times - 🏆 8. / 63 Read more »
Italy's government set to reappoint Eni and Enel CEOs: SourceThe chief executives of Italy's top two energy groups Eni and Enel are on course to secure third terms next week when Rome decides on roles at ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »