Boeing launches $19 billion share sale to boost liquidity

Gulf News

Summary

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Boeing has announced plans to raise about $19 billion (€17.6 billion), as it seeks to bolster its balance sheet and avoid having its investment-grade credit rating potentially cut to junk.
Irish Times
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Boeing is offering 90 million in common stock and $5 billion in depositary shares.
CNBC
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Monday’s long-awaited stock offering will give Boeing a financial cushion as its chief executive, Kelly Ortberg, tries to deal with the steep costs of the strike by 33,000 workers, while also solving production problems that this year renewed focus on the manufacturer’s safety culture and delayed its new 777X jet.
Guardian
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The strike includes over 33,000 machinists and has resulted in a delay in the company’s production of its famous 737 MAX aircraft, along with other widebody crafts like 767 and 777
ABP Live

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