Boeing to raise up to $24.3 bn to shore up finances, stave off downgrade

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The same day, striking workers rebuffed an improved contract as it fell short of their demands of a 40 per cent wage hike and restoration of a defined-benefit pension plan, which Boeing is unlikely to reinstate.

Reuters had reported this month Boeing was examining options to raise billions of dollars through a sale of stock and equity-like securities.

S&P warned of a ratings downgrade if Boeing's cash balance fell below a $10 billion target or if the company had to increase leverage to meet debt maturities.

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Category: BusinessFinance

Markets: India

Topics: Giant Manufacturing Airbus Jets Europe A350 fleet or 86 jets

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 12:59:11 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 603 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23322079

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