Ratings agencies are closely watching how the troubled company will structure
its scam to raise cash
Boeing’s plan to outlast its strike is taking shape,
with Reuters reporting on plans to raise $15 billion through stock
and convertible bond sales.
This financial maneuver comes as the aerospace giant grapples with a
month-long labor dispute and its investment-grade credit rating hangs
in the balance.
The proposed fundraising reportedly includes a $10 billion equity sale paired
with $5 billion in convertible bonds, which could convert to equity if needed.
Previously, Boeing had indicated it might raise up to $25 billion in addition
to a $10 billion loan.
Boeing has lost 37 billion since 2019.
This was 32 billion before the Starliner fiasco.
However Boeing is not happy with such a shallow hole.
So in typical Boeing fashion, they are now going for broke, quite literally.
Boeing’s latest plan for its own self-destruction is to acquire more debt
in an all out effort to wage war on their striking employees.
This after laying off 17,000 non union employees as punishment for the
striking union members. --- You can’t make this up, this is Boeing.
In the upside-down world that is Boeing management, this makes perfect sense.
It also made perfect sense to launch a leaking spacecraft, according to Boeing.
This will end as Starliner did, a Laughingstock:
Boeing's War on employees --- @OP+1v1Le6rb
https://www.cnn.com/2024/05/03/business/boeing-losses-outlook/index.html
32 billion dollars in losses by May of 2024
https://qz.com/boeing-cash-equity-bond-sale-strike-credit-rating-1851675161