Boeing raising US$25b in bonds, says not seeking US government funds now | Malay Mail

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NEW YORK, May 1 — Boeing said yesterday it does not plan to seek US government support now after receiving strong interest from the bond market for a US$25 billion (RM107.4 billion) public offering. The aviation giant, which has been badly hit by the devastating impact of coronavirus shutdowns on...

Friday, 01 May 2020 10:23 AM MYT

The aviation giant, which has been badly hit by the devastating impact of coronavirus shutdowns on global airlines, said demand for the bond offering was “robust.” The announcement comes a day after Boeing reported a US$641 million loss in the first quarter and said it was cutting 10 per cent of its workforce in response to the crisis in the airline industry due to Covid-19 shutdowns.

 

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