A partially completed Boeing 737 Max airplane is pictured at the Boeing manufacturing facility in Renton, Wash., in 2015. (David Ryder/Bloomberg)Boeing has secured a $1.5 billion line of additional credit, a sign the plane maker is taking more caution with finances as sales of the 737 Max remain on hold. The credit line expands on Boeing’s existing, unused line of $5.1 billion in credit. He predicts around $12 billion in free cash flow for the whole year — well below his earlier estimate of $16 billion. Boeing had said in January that it expects free cash flow this year of between $17 billion and $17.5 billion.

Source: Washington Post April 30, 2019 01:40 UTC