Boeing Confronts Financial Crisis Amid Strike And Production Challenges Aiming to raise $25 billion, the planemaker buckles under strike pressures and production issuesBoeing is currently facing turbulent times, grappling with significant financial troubles exacerbated by labor strikes and production challenges. The strike has already cost Boeing over $1 billion per month, contributing to fears about the company's financial health. To manage these challenges, Boeing entered a $10 billion credit agreement with banks, symbolizing its immediate attempts to bolster its finances. These challenges have now been worsened by the labor strike, which has brought production of the 737 MAX and other models to a halt. Despite the mounting troubles, there is some cautious optimism among financial analysts and investors.

Source: The Express Tribune October 16, 2024 01:38 UTC