Boeing considers $10B stock sale amid 3-week strike, impacting cash reserves and production.
Boeing is contemplating raising at least $10 billion through a stock sale to improve its cash reserves, significantly impacted by a strike involving 33,000 workers that has lasted three weeks. The strike has halted production of its single-aisle airliners, intensifying financial pressures on the company, which is burdened by a $60 billion debt. A final decision on the stock sale is pending, but it may not occur for at least a month as Boeing navigates ongoing challenges.
October 01, 2024
21 Articles