Boeing seeks $25bn to recover from production delays

Boeing, the troubled aircraft manufacturer based in the United States, is facing significant financial challenges due to a continuing strike that has led to production delays and increased operational costs. In response to these difficulties, the company has filed a registration statement with the US markets regulator to raise up to $25 billion through various debt securities and share classes. This move comes as Boeing also entered into a $10 billion credit agreement with a consortium of banks to bolster its liquidity. As of June 30, the company reported having cash and cash equivalents totaling $10.89 billion, which it aims to utilize to navigate through this challenging environment. Analysts and investors anticipate that Boeing will raise the necessary funds before the end of the year to address its financial obligations and stabilize its operations.