Boeing to raise up to $25 bn as strike weighs on finances …C0NTINUE READING HERE >>>
Boeing has recently announced a series of belt-tightening measures and production delays.
Photo: Jason Redmond / AFP/File
Source: AFP
US aircraft manufacturer Boeing unveiled measures meant to replenish its cash flow Tuesday, including an intention to raise up to $25 billion, as it navigates recurrent production problems and a major US strike.
In a regulatory filing, the aviation giant indicated plans to raise the funds by selling stock and debt.
It also earlier announced that it was in an agreement to obtain $10 billion in credit from multiple banks.
The moves come amid a machinist…
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