STORY: Boeing, hit by strikes and other problems, is nearing a plan to shore up its finances.
The aerospace giant plans to raise about $15 billion through stocks and bonds, Reuters sources said.
The company said in a previous regulatory filing that the total amount raised could reach $25 billion.
Boeing is fighting a strike by thousands of workers demanding higher wages.
This has hurt production of some of its best-selling jets, including the 737 MAX.
The company is also dealing with fallout from a mid-air explosion of one of those planes earlier this year.
As a result, they faced increased regulatory scrutiny, curtailed production, and a loss of customer confidence.
Analysts now estimate that the strike could cost Boeing about $1 billion a month.
In a bid to cut costs, the aircraft manufacturer announced 17,000 job cuts.
The company’s stock price has fallen about 40% this year due to various issues.
The strike also means delays in deliveries of new jets and some very dissatisfied customers.
First deliveries of a major new model, the 777X, have been delayed by a year.
Emirates President Tim Clark said this week that he wanted to have “serious discussions” with Boeing about the setback.
Meanwhile, Europe’s top low-cost airline Ryanair said it had to revise its outlook for next year downward because it is flying fewer of its new jets than expected.
