Investment-grade rated companies use revolving credit facilities as backstop financing, with these facilities remaining undrawn for the most part. The U.S. jet manufacturer has the option to raise the size of the two-year credit facility to as much as $6 billion, the person said on Thursday. A Boeing spokesman declined to comment.

Boeing Co has approached a group of banks for a new $4 billion revolving credit facility, according to a person familiar with the matter, as the planemaker battles a prolonged slowdown in commercial air travel due to the COVID-19 pandemic. Investment-grade rated companies use revolving credit facilities as backstop financing, with these facilities remaining undrawn for the most part. The U.S. jet manufacturer has the option to raise the size of the two-year credit facility to as much as $6 bil...

The Dow Jones Industrial Average slid from record highs at the end of February, as the current stock market pullback continues. The best Dow Jones stocks to buy and watch in March 2021 are Apple, Disney, Microsoft and Visa.

(Bloomberg) -- Boeing Co. is seeking a new $4 billion revolving credit facility from a group of banks, according to people with knowledge of the matter, as it prepares to ride out a potentially lengthy slowdown in global aircraft demand.The planemaker has the option to increase the size of the two-year facility to as much as $6 billion, said the people, asking not to be identified as the transaction is private. So-called “revolver” loans are typically left undrawn by investment-grade rated firms...

Shares of Mesa Air Group Inc. tumbled Thursday, after the regional air carrier disclosed stock sales by its chief executive, just before Deutsche Bank analyst Michael Linenberg recommended investors stop buying.

The move will be a boon for Savile Row tailors as well as cashmere, bed linen, gin and whisky producers who’d been suffering the impact of the 25 percent tariffs on exports to the U.S.

Boeing (NYSE:BA) shares experienced unusual options activity on Thursday. The stock price moved up to $229.46 following the option alert. Sentiment: BULLISH Option Type: SWEEP Trade Type: CALL Expiration Date: 2021-03-05 Strike Price: $235.00 Volume: 28187 Open Interest: 9138 Three Indications Of Unusual Options Activity Exceptionally large volume (compared to historical averages) is one reason for which options market activity can be considered unusual. The volume of options activity refers to ...

The Dow Jones was flat Thursday with the Nasdaq tumbling and the stock market rally reeling. Fed chief Jerome Powell speaks with Treasury yields in focus.

LATAM Airlines, motivated by the exponential growth in e-commerce shipments and the availability of more resources resulting from restructuring, is accelerating plans to grow its cargo fleet up to 75% in three years with the conversion of up to eight Boeing 767 aircraft from its passenger fleet. The decision is the latest example of cargo airlines snapping up the prized medium-size aircraft as passenger airlines discard them in favor of smaller, modern aircraft that are profitable to operate in ...

Announced on Thursday, the U.S. and U.K. will suspend tariffs for four months “to ease the burden on industry and take a bold, joint step towards resolving the longest running disputes at the World Trade Organization,” the two countries said in a joint statement. The suspension of U.S. tariffs on U.K. goods, including whisky, will come into force on Mar. 8. The U.S. decision matches the U.K.’s unilateral move to cease applying retaliatory tariffs in January, which was a bid to de-escalate the ...