Reported about 12 hours ago
Boeing plans to raise up to $25 billion through the sale of debt and stock, alongside securing a $10 billion credit line, as it faces significant challenges due to a labor strike and soaring operational costs. The company's financial situation is pressing, with expected losses and planned layoffs of 10% of the workforce. The ongoing labor dispute with the International Association of Machinists has compounded these difficulties, with the strike estimated to have already cost nearly $5 billion.
Source: YAHOO