Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business
AFP News

Boeing Announces Stock Offering Expected To Raise Up To $19 Billion

Boeing has been struggling with a string of problems in recent years (Credit: AFP)

Boeing announced a stock offering on Monday expected to raise up to $19 billion, saying proceeds will go towards repaying debt and investing in its subsidiaries.

The aviation giant, which last week reported a whopping $6.2 billion quarterly loss, has been suffering from a strike by some 33,000 US workers that has paralyzed two major plants since mid-September.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.