( ) -q-23- UNDATED (Correspondent Jeremy House) “the company’s airplanes.” Boeing is moving toward raising up to $25 billion to shore up its troubled financial position. [CutID: <Cuts> BOEING-FINANCES-house-q-WEDam.mp3 Time: 23s Title: BOEING-FINANCES-house-q-WEDam Out-cue: the company’s airplanes] TAG: Correspondent Jeremy House reporting. Last week, new CEO Kelly Ortberg said Boeing will cut about 10% of […]
Audio
Troubled Boeing signals it may raise up to $25 billion to shore up finances
( ) -q-23- UNDATED (Correspondent Jeremy House) “the company’s airplanes.”
Boeing is moving toward raising up to $25 billion to shore up its troubled financial position.
[CutID: <Cuts> BOEING-FINANCES-house-q-WEDam.mp3
Time: 23s
Title: BOEING-FINANCES-house-q-WEDam
Out-cue: the company’s airplanes]
TAG: Correspondent Jeremy House reporting. Last week, new CEO Kelly Ortberg said Boeing will cut about 10% of its workforce – that’s around 17,000 jobs.
——————————–
VERBATIM: The company is signaling it could raise that much money by issuing new stock or debt over the next three years. Boeing is also entering into a new $10 billion credit agreement with leading U.S. banks. Boeing has lost more than $25 billion since the start of 2019, and now it’s under pressure from a strike by union machinists who make the company’s airplanes.