> they appear to have no trouble borrowing In the sense that they can still access liquidity from credit markets, yes. But they're paying a pretty hefty intere

> they appear to have no trouble borrowing In the sense that they can still access liquidity from credit markets, yes. But they're paying a pretty hefty interest rate of 4.50% over the risk-free rate.[1] That kind of borrowing cost, when compounded, starts to become pretty crippling for any sort of long-term R&D or product development. Compared to a high-grade corporate, a project with a 10-year payback time is 50% more expensive at Boeing's current cost of borrowing. [1] https://www.marketwatch.com/story/boeing-lands-25-billion-debt-deal-2020-04-30 https://www.marketwatch.com/story/boeing-lands-25-billion-de...