Boeing considers raising more debt as MAX crisis weighs: WSJ

FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson/File Photo

(Reuters) – Boeing Co (BA.N) is considering plans to raise more debt to bolster its finances after the grounding of its 737 MAX jet, the Wall Street Journal reported, citing people familiar with the matter.

The company is also thinking of deferring some capital expenditures, freezing acquisitions and cutting spending on research and development to preserve cash, the report here said.

Boeing did not immediately respond to a Reuters request for comment.

Shares of the planemaker were down 1.2% at $328.80 in premarket trading.

Reporting by Sanjana Shivdas in Bengaluru; Editing by Saumyadeb Chakrabarty

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