Boeing buoyed by $12b financing from banks

Boeing has secured $12 billion from more than a dozen banks to strengthen its balance sheet following the crashes of two 737 Max jets that killed all 346 people on board, CNBC reported on Monday.

Citing sources familiar with the matter, the broadcaster said Boeing gained $2 billion more than it originally sought. The financing is seen as a vote of confidence in the aircraft maker, CNBC said.

Boeing declined to comment.