Boeing Plans to Raise $10 Billion by Selling Stock Amid Heavy Debt

Boeing wants to raise at least $10 billion by selling new shares of stock, according to a report from Bloomberg News on Tuesday.

The company has a lot of debt, about $60 billion, and lost more than $7 billion in cash flow in the first half of 2024.

Boeing also has to pay back almost $4.6 billion in loans and bonds by the end of 2025. Because of this, the company is looking for more money by selling stock.

Boeing is facing challenges due to reduced production of its best-selling 737 MAX jet. This situation arose after an incident in January when a door panel detached from a new model during flight.

The U.S. airplane maker had earlier indicated it might think about selling stock to address ongoing safety issues revealed by the January incident and upcoming debt payments.