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Boeing launches major equity issue in response to financial crisis

Equal to a value of 19 billion dollars

Boeing has announced a massive equity offering of $19 billion, its largest since 2020, to ease financial strains exacerbated by a seven-week strike by its 33,000 workers, which has cost the company $1 billion a month. The company is using the ploy to stave off the risk of a downgrade of its credit rating to speculative. The industry plan calls for issuing 90 million common shares and $5 billion in...

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AVIONEWS - World Aeronautical Press Agency
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