Reported about 1 month ago
Boeing is preparing to launch a plan as early as Monday to raise over $15 billion in capital, according to a source. This move comes as the company faces financial strain due to a prolonged strike that has affected production, particularly of the 737 MAX. The capital raise will involve a combination of stock sales and convertible preferred shares, with the potential for total funds raised to increase based on market demand. Boeing recently announced significant job cuts and a $6 billion quarterly loss, further complicating its financial situation.
Source: YAHOO