Boeing Doesn’t Plan To Seek Federal Aid - Raising US$25 Billion Bond Offering, The Company’s Biggest Debt Sale Ever
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May 1, 2020 - by Leslie Josephs for cnbc.com
The company is facing a dismal market for new planes as air travel demand plunges because of the virus and shelter-in-place orders.
Boeing on Thursday said it doesn't plan to seek federal aid after raising a whopping $25 billion in a bond offering, the company's biggest debt sale ever, as it faces what it expects to be a multi-year slump in air travel because of the coronavirus pandemic.
"As a result of the response, and pending the closure of this transaction expected Monday, May 4, we do not plan to seek additional funding through the capital markets or the U.S. government options at this time," it said in a statement.
Boeing last month sought $60 billion in federal aid for...
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