Boeing in scramble to shore up 737 MAX financing

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Boeing is scrambling to shore up financing for the 737 MAX as it awaits regulatory approval for design changes after the plane was grounded following two fatal crashes, industry sources said.

FILE PHOTO: A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, U.S. June 29, 2020. REUTERS/Karen Ducey

The value of MAX jets on the aircraft market has fallen by 11% since the start of 2020 and is likely to face more pressure in coming months, depending on the timing of its return, Eddy Pieniazek of aviation advisers Ishka said. In return, Boeing is seen ready to allow the same leasing companies to cancel part of their own plans to buy MAX jets directly, easing pressure on their balance sheets.

Boeing is now trying to facilitate similar deals for leasing companies to step in and finance deliveries for launch customer American Airlines , the sources said. Boeing said it would not comment on customer talks. American, which has 76 MAXs on order, declined comment.

 

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BOEING It's all about MONEY MONEY MONEY

I wouldn't feel comfortable flying in one of them - and I'm not the only one.

I'm not sure why they haven't just scraped it, it's an old model that wasn't designed for those bigger engines, and now these a bad smell that follows them all around, if I was to fly I'd be looking to avoid this plane

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American Airlines tells Boeing: No financing, no 737 Max deliveriesAmerican Airlines executives have told Boeing they will not take delivery of 17 Boeing 737 Max airplanes unless the airline can secure financing to pay for the aircraft, people familiar with the discussions told CNBC. Hmm 🤔 Too many planes lying in the Airports already : Make use of them first if you can 😜
Source: CNBC - 🏆 12. / 72 Read more »

American Airlines threatens to cancel some Boeing 737 MAX orders: WSJAmerican Airlines Group Inc has threatened to cancel some of its orders for Boeing Co's grounded 737 MAX jets unless the planemaker helps secure funding for them, the Wall Street Journal reported on Friday. some wtf why not all I'll never fly on a 737 max. Why would anyone want to fly on a plane that has inherent design faults that need computer software to correct? Do it! I don’t want to die!!!
Source: Reuters - 🏆 2. / 97 Read more »

WSJ News Exclusive | American Airlines Has Threatened to Cancel Some Boeing 737 MAX OrdersAmerican Airlines has threatened to cancel some of its orders for Boeing Co.’s troubled 737 MAX jets, people familiar with the matter said, a sign of deepening financial stress in the aviation industry. esaagar The 737MAX was a piece of shit that never should have been built. Cancel away! esaagar Bailing out the loser, rich white gambling addicts and tax avoiders is so USA...enjoy living in a tent without healthcare. The rich will be fine... Or it could be due to the fact that they weren’t safe and Boeing knew this and didn’t give a shit.
Source: WSJ - 🏆 98. / 63 Read more »

American Airlines tells Boeing: No financing, no 737 Max deliveriesAmerican Airlines executives have told Boeing they will not take delivery of 17 Boeing 737 Max airplanes unless the airline can secure financing to pay for the aircraft, people familiar with the discussions told CNBC. Hmm 🤔 Too many planes lying in the Airports already : Make use of them first if you can 😜
Source: CNBC - 🏆 12. / 72 Read more »

American Airlines threatens to cancel some Boeing 737 MAX orders: WSJAmerican Airlines Group Inc has threatened to cancel some of its orders for Boeing Co's grounded 737 MAX jets unless the planemaker helps secure funding for them, the Wall Street Journal reported on Friday. some wtf why not all I'll never fly on a 737 max. Why would anyone want to fly on a plane that has inherent design faults that need computer software to correct? Do it! I don’t want to die!!!
Source: Reuters - 🏆 2. / 97 Read more »