(Bloomberg) — Boeing Co. has already received $50 billion of orders for its bond offering Thursday, as the company comes off of one of its worst quarter on record with the pandemic upending the global aviation industry.The airplane manufacturer is burning through the most cash it ever has with travel at a standstill. Boeing was already hurting from the grounding of the 737 Max before the Covid-19 outbreak, but now it’s looking to shore up liquidity even further by cutting jobs and production.Boeing has already fully drawn on a nearly $14 billion term loan, and Thursday’s bond sale could add …read more
Source:: Yahoo Finance
