Boeing does not see immediate need to raise cash with new debt By Reuters

© Reuters. FILE PHOTO: Signage of The Boeing Company in Seattle

SEATTLE (Reuters) – Boeing Co (N:) does not see the need to add to liquidity through additional debt offerings to manage the downturn in global aviation caused by the COVID-19 pandemic, chief financial officer Greg Smith said on Wednesday.

Smith also told a conference that “priority one” for Boeing would be paying down its debt and getting its balance sheet back in order when the industry recovers.

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