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Boeing’s crisis is getting worse. Now it’s borrowing tens of billions of dollars
Cash-starved Boeing, contending with massive financial losses from a crippling strike and years of operational and safety problems, is turning to major banks and Wall Street to raise tens of billions of dollars in cash.
Cash-starved Boeing, contending with massive financial losses from a crippling strike and years of operational and safety problems, is turning to major banks and Wall Street to raise tens of billions of dollars in cash. That was driven home in January when a door plug blew off the side of a 737 Max flown by Alaska Airlines, leaving a gaping hole in the plane shortly after takeoff. While none of the crew members or passengers were severely injured, the incident prompted numerous federal investigations, including one that found the plane had left a Boeing factory without the four bolts needed to keep the door plug in place.
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