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The company needs the funds to refill reserves, which were drained due to the employees' strike, among other reasons.
As per the agency's informants, the company is exploring different alternatives with advisors. According to sources from Bloomberg, Boeing will probably not raise capital in the next month if they manage to resolve the strike, as they want to first understand the financial impact of 33,000 employees protesting.
They mentioned that the company has not yet reached a final verdict on raising capital.
Boeing must enhance its financial stance to maintain an investment grade rating. The company is close to being downgraded to speculative grade, which would greatly raise its $58 billion debt service expenses.
The ongoing strike, currently in its third week, has worsened Boeing's troubles caused by a January event with its airplane, leading to a reduction in the production of 737 Max jetliners.
Boeing's market value has decreased by 41.7% since the start of 2024.
source: bloomberg.com
As per the agency's informants, the company is exploring different alternatives with advisors. According to sources from Bloomberg, Boeing will probably not raise capital in the next month if they manage to resolve the strike, as they want to first understand the financial impact of 33,000 employees protesting.
They mentioned that the company has not yet reached a final verdict on raising capital.
Boeing must enhance its financial stance to maintain an investment grade rating. The company is close to being downgraded to speculative grade, which would greatly raise its $58 billion debt service expenses.
The ongoing strike, currently in its third week, has worsened Boeing's troubles caused by a January event with its airplane, leading to a reduction in the production of 737 Max jetliners.
Boeing's market value has decreased by 41.7% since the start of 2024.
source: bloomberg.com
