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Boeing enters $10 billion credit agreement with banks
Boeing enters $10 billion credit agreement as striking workers bleed company
Boeing made a $10 billion credit agreement with several banks on Tuesday. The International Association of Machinists and Aerospace Workers went on strike more than a month ago and is costing the embattled company roughly $1 billion a month.
Boeing Enters $10 Billion Credit Agreement With Banks Amid Crippling Strike
(Reuters) -Boeing said on Tuesday it has entered a credit agreement worth $10 billion with a consortium of banks, as the U.S. planemaker readies financing sources amid a crippling strike and upcoming debt maturities. The company's shares rose 2% before the bell.
Boeing's Labor Strike Enters Week 5: How Bad Could This Get?
Boeing's labor contract strikes with its machinists union fell apart this week, and Boeing withdrew its "best and final" offer. As the strike enters its fifth week, Boeing is losing billions of dollars in lost plane sales,
2h
Boeing's cash crunch, Delta's makeover, and United's strong quarter: Airlines news roundup
Boeing is looking to raise billions of dollars to help it ride out a month-long machinist strike. Airbus is cutting jobs from ...
3d
on MSN
Boeing files registration statement for securities, stock sale of up to $25 billion
Boeing filed a registration statement with the U.S. markets regulator on Tuesday that will allow the planemaker to raise up ...
In Depth
3d
In Depth
Analysis: Boeing’s endless doom loop gives no respite to CEO Ortberg
As Boeing Co. lurches from one crisis to the next, there’s been one constant for the embattled planemaker: Its predicament ...
1d
Ryanair Cuts Traffic Estimate For 2025 Amid Boeing Aircraft Delivery Delays
While those aircraft should come in January and February 2025, the problem was that Ryanair is scheduled to receive 30 737 ...
Flightglobal
3d
Bell drops Spirit AeroSystems as supplier of FLRAA fuselages
The decision from Bell comes as Boeing works to close its acquisition of Spirit, which manufacturers numerous structural ...
9d
on MSN
Spirit AeroSystems says it has ‘no plans to furlough’
On Tuesday, a Spirit spokesperson said there are “no plans to furlough” Spirit employees at this time. On Monday, we ...
6d
Airbus planemaking chief frets over suppliers but sees no Boeing strike impact
Europe's Airbus swung the spotlight on major suppliers after a drop in September deliveries that its planemaking chief called ...
2d
on MSN
Boeing plans to raise up to $35B to shore up finances as strike continues
Boeing announced in a regulatory filing that it plans to raise up to $25 billion in a stock and debt offering and has entered ...
2d
Boeing plans to raise £27bn amid concerns of future bankruptcy
Embattled US planemaker Boeing has announced plans to raise as much as $35bn (£26.8bn) through a credit agreement and share ...
Zawya
3d
Boeing files registration statement for securities, stock sale of up to $25bln
It was not clear when and how much Boeing will raise via the offering, but analysts and investors expect the company to raise ...
4d
Boeing Has Strong Potential If It Makes The Right Decision
Resolving union dispute and fixing the culture are crucial for Boeing for long-term recovery and investment potential. Read ...
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