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.
The Boeing Company (BA) Is Attracting Investor Attention: Here Is What You Should Know
Express News | Boeing's Wisk Aero, under the collaboration with Australian government institutions, is preparing to launch air taxis.
Boeing's Bonds Signal View That Company Has Bought Time With Credit-raters to Avoid Slide to Junk
As Boeing Workers Enter Second Month Of Strike, Rival Airbus Reportedly Plans To Cut 2,500 Jobs
Boeing Entered Into $10.0B Supplemental Credit Agreement
Airbus to Cut 2,500 Jobs in Defense Division -- WSJ
Boeing Ordered to Provide Details on Diversity Policies in Independent Monitor Selection
What Boeing's Massive Financial Crisis Means for You
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 | 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
Express News | Incoming Easyjet CEO Kenton Jarvis: Next Year We're Only Due 9 Airbus Aircraft, We're Expecting Those Aircraft but Beyond That We Don't Know
Express News | Ryanair CEO: If We Get 10 or 15 Aircraft From Boeing After March Next Year Instead of the Expected 30 We'll Be Doing Well
Express News | Ryanair CEO: Airline Capacity Constraints in Europe Will Be Good for Ticket Pricing
Jefferies Maintains Boeing(BA.US) With Buy Rating, Maintains Target Price $240
Barclays Maintains Boeing(BA.US) With Hold Rating, Maintains Target Price $190
BofA Securities Maintains Boeing(BA.US) With Hold Rating, Maintains Target Price $170
Boeing Balance Sheet Remains Stretched, Despite Capital Raise: Wells Fargo