Boeing’s crisis is getting worse. Now it’s borrowing tens of billions of dollars | CNN Business
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Cash-starved Boeing, contending with massive financial losses from a crippling strike and years of operational and safety problems, is turning to major banks and Wall Street to raise tens of billions of dollars in cash.

Cash-starved Boeing, contending with massive financial losses from a crippling strike and years of operational and safety problems, is turning to major banks and Wall Street to raise tens of billions of dollars in cash.

In a regulatory filing early Tuesday, the company announced plans to borrow $10 billion from a consortium of banks. It also separately announced plans to raise $25 billion by selling stock and debt.

The company’s debt surged in the last six years as Boeing reported core operating losses of more than $33 billion. Its commercial airplane production has ground to a near halt by a month-long strike by 33,000 members of the International Association of Machinists.

  • sunzu2@thebrainbin.org
    242·
    16 days ago

    People who run this shit stain Into the ground must face criminal prosecution

    This is situation of a s pathetic… Didn’t they even killed at least one whistle blower?

    Like at what point will daddy Sam do that coercive power of the state against these parasites?