Boeing reportedly looking to raise $10bn through share sale

Boeing is reportedly looking to raise around $10bn via a share sale to rejuvenate the cash reserves. According to a Bloomberg report, citing people familiar with the matter, the share sale would rejuvenate cash reserves deployed as the company contends with the ongoing machinists strike. The report added that the OEM is working with advisers to explore its options. Additionally, an equity raise will be put off for at least a month, with the assumption that it can resolve the current strike. Boeing would not comment on the article. At a Morgan Stanley conference on September 13, 2024, Boeing CFO Brian West