Airplane manufacturer Boeing has secured at least $6 billion in loans from major banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, and is seeking a further $4 billion, according a report citing internal sources by the financial news channel CNBC. The company is looking to offset losses estimated at $1 billion a month from two crashes and the resulting grounding of its flagship 737 Max 8 aircraft. The combined death toll from the October 2018 crash of Lion Air Flight 610 and the March 2019 crash of Ethiopian Airlines Flight 302 was 346.
— source wsws.org | 23 Jan 2020