Stay Informed. Stay Competitive with FREE Insights on the Stock Market, Dow 30 & Emerging Opportunities. Get Free Email Updates

Stay Competitive With Stock Market Updates!

Get Free Updates

Boeing Attmepting To Arrange 737 MAX Funding

By John F. Heerdink, Jr.

As per reports, Boeing (NYSE: BA) is trying to attempt to arrange funding for its 737 MAX, as it awaits regulatory approval for design changes amid 15 months grounding following two fatal crashes. The aerospace giant seems to be anxious to resume deliveries even once the regulators declare it safe, as the confidence in the aircraft has been hit hard after the legal challenges, prolonged grounding, and the decreasing demand amid the COVID-19 pandemic.

The value of MAX jets on the aircraft market has fallen by 11% since the start of 2020. Additionally the unavailability of capital markets after the collapse in air travel during the COVID-19 crisis and banks refusing to invest in new business, only leasing companies can be banked upon for finance, bankers informed. As its last hope, Boeing stands ready to buy back jets and lease them to airlines itself through its Boeing Capital financing unit, as a temporary measure.

As per the Wall Street Journal, American had threatened to cancel some orders unless Boeing helped with funding. The loss of a high-profile order from American would deal a harsh blow to the MAX program,  forcing the aerospace giant to tear up plans for an all-new plane and agree a faster upgrade to its 737 after American was planning to hand over 460-plane order to Airbus.

Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.





Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive! Please join us at Vista Partners and receive our FREE email updates throughout the week and view our exclusive content and research.

Post View Count : 155
(Read Original Story: Boeing in scramble to shore up 737 MAX financing in Reuters)


YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us