There were a number of headlines yesterday related to the MAX. With this being May 1st, perhaps Boeing should issue a mayday call, as the program seems to attract more bad news daily. The thread that weaves through these stories is a loss of trust in the MAX aircraft and Boeing.
Boeing sells 3.5B in bonds, gets 1.5B line of credit. The MAX costs are clearly adding up, and Boeing needs to cover negative cash flows
China’s news coverage of Boeing lawsuits is extensive, with a message implied
It is amazing how many issues on the 737MAX can be raised in a 24 hour period since yesterday. Clearly, Boeing’s addition of $5 billion to cash provides a cushion against the cash flow issues associated with a mounting level of both finished goods and parts inventories.
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