AMERICA’s major plane maker Boeing predicted a massive cash drain for the first quarter as regulatory scrutiny and slower output of its 737 Max jetliner after its mid-air accident took its toll on company finances, reports Bloomberg. Cash outflow will reach US$4 billion to $4.5 billion in the first quarter, Boeing chief financial officer Brian West told a Bank of America conference in London. A plan to reach a $10 billion cash flow target by 2025-26 will be at the far end of that window. For...
https://www.seanews.com.tr/boeing-sees-cash-drain-as-737-max-episode-takes-toll/199962/