Boeing will use the funds for general corporate purposes, according to paperwork filed with the US markets regulator on Tuesday. Strike costsThe strike is costing the company more than $1 billion per month, according to one estimate that was released before Boeing announced it will cut 17,000 jobs or 10% of its global workforce. US Acting Labour Secretary Julie Su met with Boeing and the union in Seattle on Monday in a bid to break the deadlock. US Acting Labour Secretary Julie Su met with Boeing and the union in Seattle on Monday in a bid to break the deadlock. Boeing has $11.5 billion of debt maturing through February 1, 2026, and has committed to issuing $4.7 billion of its shares to acquire Spirit AeroSystems and assume its debt.

Source: The Express Tribune October 16, 2024 09:40 UTC