Reported about 17 hours ago
Boeing is deepening its financial crisis as it raises tens of billions of dollars through bank loans and stock sales, following severe losses caused by a strike and operational issues. With its debt soaring to $53 billion, Boeing’s credit rating has dwindled to just above junk status, complicating borrowing costs. The company has been plagued by multiple setbacks, including fatal crashes and production halts, further jeopardizing its market position. Despite these challenges, Boeing's unique position in the aerospace industry allows it to secure necessary financing.
Source: YAHOO