According to the sources, Citigroup leads the talks about the credit to be provided. Due to the many costs that Boeing has to incur in the aftermath of two disasters with the 737 MAX devices, Boeing’s creditworthiness is under pressure. As a result, access to the capital markets could become more expensive for the aircraft maker. Several credit rating agencies were already more negative about Boeing.
Since March last year, the 737 MAX aircraft have been grounded for safety reasons, which has also drastically reduced the number of deliveries from the Americans. Boeing feels that in the wallet. In addition, the group must compensate aviation companies for damage suffered. The problems already forced Boeing to take out a credit facility of nearly $ 10 billion. It is possible that Boeing is now aiming for another form of financing.
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