Boeing to raise up to $19bn amid costly strike and safety crisis

US manufacturer, which recently disclosed plan to cut 17,000 jobs, seeks to shore up balance sheet

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Boeing has announced moves to raise as much as $19bn (£14.6bn) as it tries to shore up its finances amid a costly worker strike and an ongoing crisis about the safety of its aeroplanes.

The US manufacturer said on Monday it would sell 90m common shares, raising about $14bn, plus another $5bn in depositary shares.

Topics

Boeing Will Sell $19 Billion in Stock Amid Costly Strike
Business - The New York Times - October 29
Boeing’s record $21bn fundraising boosts hopes of avoiding downgrade
Business - Financial Times - October 29
Boeing Union Approves New Contract, Ending Costly Strike
Top stories - The New York Times - November 5
Boeing workers vote for 38% pay rise deal to end costly strike
World - Financial Times - November 5
Boeing raises pay offer in bid to end seven-week strike
Top stories - BBC News - November 1
Boeing machinists end strike after approving labor contract with 38% raises
Business - CNBC - November 5
Boeing’s stock fails to hold gains after strike ends, but bonds are holding up
Business - MarketWatch - November 5
Middle East crisis live: protests in Israel after Benjamin Netanyahu sacks defence minister
World - The Guardian - November 6

Boeing to raise up to $19bn amid costly strike and safety crisis

Topics

Related

Boeing Will Sell $19 Billion in Stock Amid Costly Strike

Boeing’s record $21bn fundraising boosts hopes of avoiding downgrade

Boeing Union Approves New Contract, Ending Costly Strike

Boeing workers vote for 38% pay rise deal to end costly strike

Boeing raises pay offer in bid to end seven-week strike

Boeing machinists end strike after approving labor contract with 38% raises

Boeing’s stock fails to hold gains after strike ends, but bonds are holding up

Middle East crisis live: protests in Israel after Benjamin Netanyahu sacks defence minister

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