Reported 29 days ago
Boeing Co. has successfully raised $21.1 billion through a significant share sale, aimed at bolstering its balance sheet and avoiding a potential credit downgrade. This funding is critical as the company faces financial challenges, including ongoing cash burn due to production halts, a labor strike, and previous setbacks linked to the 737 Max model. The capital injection will help maintain Boeing's investment-grade rating and support its production ramp-up once operations resume.
Source: YAHOO