Boeing announces stock offering expected to raise up to $19 billion

Boeing announces stock offering expected to raise up to $19 billion …C0NTINUE READING HERE >>>

Boeing has been struggling with a string of problems in recent years.
Photo: Patrick T. Fallon / AFP/File
Source: 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.

“Boeing…

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