Boeing to Sell at Least $10 Billion in Shares to Plug Cash Drain
The jet maker will raise at least $10 billion in its stock offering and secure a new credit line.
Boeing is raising $10 billion from 4 major banks — and could sell another $25 billion in securities
Boeing has faced a litany of challenges in 2024, including the Alaska Airlines blowout, a mass strike, job cuts, and a CEO change.
Troubled Boeing signals it may raise up to $25 billion to shore up finances
Boeing signaled Tuesday that it could raise up to $25 billion in new stock or debt to shore up its balance sheet after years of heavy losses. The company said in back-to-back regulatory filings that it could raise the cash over the next three years.
Boeing aims to raise as much as $25 billion
Boeing aims to raise much as $25 billion, giving the troubled planemaker the financial resources to withstand a strike and work its way through a series of setbacks.
Boeing To Raise Up To $25 Billion, Gets $10B Credit Line
Key Takeaways Struggling plane maker Boeing plans to sell as much as $25 billion in debt or stock, and received a $10 billion bank credit line.Boeing has been in financial turmoil as it faced problems with aircraft production and is being hit by a strike by machinists that's now a month old.
Boeing may seek up to $25 billion to strengthen finances
Boeing announced on Tuesday that it could raise as much as $25 billion in new stock or debt over the next three years to bolster its financial position, which has been under significant strain from ongoing losses and a prolonged workers' strike.
Boeing to borrow $10 billion and raise an additional $25 billion
TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and Boeing is looking to borrow and raise billions.
Boeing delays are wreaking havoc with the airline industry's plans, and flyers may well feel the pain
Ryanair CEO Michael O'Leary expects delivery delays to reduce its growth next year, while Emirates is frustrated with the yet ...
Spirit Aero to furlough 700 workers for 21 days due to Boeing strike
Spirit AeroSystems will tell employees on Friday that it will furlough 700 workers for 21 days as an over month-long strike ...
Boeing to raise up to $25 billion to stave off cash crunch
Boeing said it had around $10.5 billion in cash and short-term assets on hand at the end of the third quarter. Wall Street ...
Boeing lays off 17,000 employees, postpones new 777X jet
Safety scandals and a recent strike are taking their toll on Boeing. The aircraft manufacturer has also miscalculated.
Boeing to cut 17,000 jobs, delay first 777X jet as strike hits finances
Oct 11 (Reuters) - Boeing will cut 17,000 jobs -- 10% of its global workforce -- delay first deliveries of its 777X jet by a ...
Boeing to cut 17,000 jobs and delay 777X jet as revenues fall short
Last month, 33,000 workers walked out of Boeing plants in Washington state after members of the machinists’ union ...
Boeing, Needing Cash, Moves to Sell New Shares
The jet maker will raise at least $10 billion in its stock offering and secure a new credit line.
Boeing to lay off roughly 10% of its workforce
The CEO of Boeing told employees late Friday that the company plans to cut 10% of its total staff “over the coming months.” ...
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Boeing to send pink slips to thousands of workers within weeks as January layoffs loom: report
Boeing pushed its 777X production back a year to 2026 – totaling a six-year lag on the jet deliveries. Emirates Airline is one of Boeing’s largest widebody customers. Boeing will not ask for ...
Missouri gave Boeing tax breaks to keep, add jobs. Has it delivered?
Boeing has cut a deal with St. Louis County to build a new manufacturing facility, add hundreds of jobs and keep thousands ...
Embraer CEO says jet maker studying possibilities for a new aircraft
A new airplane could help Brazilian manufacturer Embraer compete with much larger rivals Airbus and Boeing. The company is ...