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  HOME PAGE 16/10/2024 19:22 
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Boeing is looking for a formula to overcome the crisis.

Boeing is looking for a formula to overcome the crisis.

16.10.2024 17:10

Aviation giant Boeing has begun searching for solutions to overcome the crisis it is facing. The company plans to issue stocks and debt in order to overcome the financial and operational challenges it has recently encountered.

Boeing is going through tough times due to quality issues that arose after an incident involving a 737 MAX aircraft earlier this year and a recent worker strike that halted production.

WILL ISSUE STOCK AND DEBT

The American aerospace giant Boeing announced that it could issue up to $25 billion in stock or debt over the next three years and has signed a new $10 billion credit agreement. According to sources, Boeing is expected to conduct a $10 billion stock sale as part of this new move. Boeing shares, which were around $250 at the beginning of the year, are now trading at about $152. Boeing had announced on Friday that it would lay off approximately 17,000 employees and that larger losses could occur due to the workers' strike.



 
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