Did the investment-grade rating hold up? After burning 1 billion in the massive strike, Boeing plans to raise 35 billion to "save itself".
Boeing plans to raise up to $25 billion through stock and bond issuance over the next three years to support its balance sheet, while also signing $10 billion in additional credit agreements with some banks, stating that it has not yet tapped into existing revolving credit or these new credit arrangements. The media reports that Boeing is expected to raise $10 billion by issuing stocks. Boeing's stock price rebounded more than 2% on Tuesday.
Express News | Boeing is reportedly planning to issue new shares to raise at least $10 billion to prevent further deterioration of cash flow.
Express News | Lufthansa Aviation CEO: Never seen delivery delays related to Boeing 777X like now, facing up to 5 years of delivery delays.
Express News | Boeing's Wisk Aero, under the collaboration with Australian government institutions, is preparing to launch air taxis.
Express News | Lufthansa CEO: Never Seen Delays Like With the Boeing 777X as We Are Seeing Now, Facing a 5 Year Delay
Express News | Air France-Klm CEO: We Are Impacted by the Pratt and Whitney Issues With Our Airbus a220 Orders