Originally Posted by
tdracer
Not exactly 'new news' that MAX production was stopped - Boeing announced it a month ago. The stock price had much more to do with the expected return to service being delayed until mid-year.
As I understand it they announced they were going to do so, at that time. It takes a little while to organise this efficiently. Now they are stating that they have done so.
I can't see how this announcement can have any more credibility than any of the previous Boeing announcements about when the aircraft would re-enter service, none of which have been met, and presumably a significant aspect of Muhlenburg's departure, making a series of statements that proved to be inaccurate.
Boeing is now having to look for USD 10bn of a loan, first sign of them running out of cash
https://www.cnbc.com/2020/01/20/737-...n-or-more.html
I wonder how the two are connected, that they need to be pretty honest to borrow that much. I wonder what the risk assessment and interest rate on it is.