Jan 20, 2020 - Technology

CNBC: Boeing to take $10 billion loan to cover 737 MAX fallout

Workers walking into a 737 factory

Workers walking into a 737 factory on Dec. 16. Photo: Stephen Brashear/Getty Images

Boeing is in talks to borrow $10 billion or more, as the company copes with rising compensation claims from two fatal 737 Max crashes in the last two years, CNBC reports.

Why it matters: Analysts believe Boeing's expenditures could amount to more than $15 billion in the first half of 2020, according to the Wall Street Journal.

Details: Citigroup, Bank of America Merrill Lynch, Wells Fargo and J.P. Morgan have committed to contribute to the loan, according to CNBC

What's next: Boeing will report its quarterly earnings on Jan. 29.

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