Boeing Seeks to Raise $35bn Amid Strike-Related Financial Challenges

Boeing, the US-based multinational corporation, has announced plans to address its significant debt burden through a combination of borrowing and equity offerings. According to regulatory filings, the company plans to borrow $10 billion from a consortium of banks and raise an additional $25 billion through the sale of stock and debt. This move is in response to the company's substantial core operating losses, totaling over $33 billion in the last six years, which has resulted in a sharp increase in debt. Analysts have estimated that Boeing would need to raise between $10 billion and $15 billion to maintain its credit ratings. The company has filed a registration statement with the US markets regulator and has secured a $10 billion credit facility with a consortium of banks.