Boeing’s crisis is getting worse. Now it’s borrowing tens of billions of dollars
- Boeing is facing severe financial issues, borrowing $10 billion and aiming to raise $25 billion due to operational and safety problems amid a month-long strike by the International Association of Machinists.
- The strike is estimated to cost Boeing over $1 billion monthly, leading to a halt in production and prompting plans to cut 10% of its global workforce.
- Talks between Boeing and the International Association of Machinists broke down last week, with no new negotiations planned.
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Leaning Left5Leaning Right5Center15Last UpdatedBias Distribution60% Center