Just as GE says it is making progress on some of its thorniest problems, the grounding of Boeing’s 737 MAX is putting a fresh strain on its finances
Just as General Electric Co. says it is making progress on some of the conglomerate’s thorniest problems, the extended grounding of Boeing Co.’s 737 MAX jet is now putting a fresh strain on its finances.
GE, a longtime aerospace supplier and major buyer of commercial planes, warned Wednesday that the grounding could drain as much as $1.4 billion from its cash flow this year as its factories produce fewer engines for the aircraft and cannot get fully paid for them. The MAX jet is powered exclusively by LEAP engines made by...
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