“In a regulatory filing early Tuesday, the company announced plans to borrow $10 billion from a consortium of banks. It also separately announced plans to raise $25 billion by selling stock and debt. The $10 billion borrowing plans would be included in the $25 billion that Boeing filed to raise.
The company’s debt surged in the last six years as Boeing reported core operating losses of more than $33 billion.
Boeing’s credit rating has plunged to the lowest investment-grade level – just above “junk bond” status – and major credit rating agencies have warned Boeing is in danger of being downgraded to junk. That would raise its cost of borrowing. Boeing’s long-term debt has climbed to $53 billion at the end of June from $10.7 billion at the end of March 2019, when a second fatal crash of the 737 Max led to a 20-month grounding of that plane, the company’s best-selling aircraft.
Whistleblowers have testified before Congress that Boeing’s production process put profits ahead of safety and quality, violating the company’s own rules.
Despite all of its problems, Boeing is able to borrow money from the consortium of banks and likely will be able to sell the stock and debt issues it needs on Wall Street because of the unique market position in which it operates. Boeing and European rival Airbus are essentially the only companies that make the full-size jets that the global airline industry needs. Its place as part of a duopoly essentially ensures its survival.”
Far right extremists libertarians tech bros thieving and ransacking corporations for their quickie profits predatory practices…
Where are the trillions of our taxpayers money handouts….in the penny pinchers CEOs pockets..🤑….in the big shareholders..🤑…
And now Americans workers will face destitution and debts….along with being blamed fo this catastrophe when that was the plan all along…
This is how far right extremists libertarians tech bros billionaires…sorry trillionaires…planning to dismantling America economy system…
See…Argentina is America future in their plans…🔥🐗🤢
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“In a regulatory filing early Tuesday, the company announced plans to borrow $10 billion from a consortium of banks. It also separately announced plans to raise $25 billion by selling stock and debt. The $10 billion borrowing plans would be included in the $25 billion that Boeing filed to raise.
The company’s debt surged in the last six years as Boeing reported core operating losses of more than $33 billion.
Boeing’s credit rating has plunged to the lowest investment-grade level – just above “junk bond” status – and major credit rating agencies have warned Boeing is in danger of being downgraded to junk. That would raise its cost of borrowing. Boeing’s long-term debt has climbed to $53 billion at the end of June from $10.7 billion at the end of March 2019, when a second fatal crash of the 737 Max led to a 20-month grounding of that plane, the company’s best-selling aircraft.
Whistleblowers have testified before Congress that Boeing’s production process put profits ahead of safety and quality, violating the company’s own rules.
Despite all of its problems, Boeing is able to borrow money from the consortium of banks and likely will be able to sell the stock and debt issues it needs on Wall Street because of the unique market position in which it operates. Boeing and European rival Airbus are essentially the only companies that make the full-size jets that the global airline industry needs. Its place as part of a duopoly essentially ensures its survival.”
Far right extremists libertarians tech bros thieving and ransacking corporations for their quickie profits predatory practices…
Where are the trillions of our taxpayers money handouts….in the penny pinchers CEOs pockets..🤑….in the big shareholders..🤑…
And now Americans workers will face destitution and debts….along with being blamed fo this catastrophe when that was the plan all along…
This is how far right extremists libertarians tech bros billionaires…sorry trillionaires…planning to dismantling America economy system…
See…Argentina is America future in their plans…🔥🐗🤢