Boeing announced it will raise up to $25 billion to support its balance sheet through bond offerings. The funding will be used to navigate the current economic crisis caused by the global COVID-19 pandemic. The ongoing health crisis has severely impacted the aviation industry, grounding planes worldwide and leading to decreased demand for new aircraft. This move comes as Boeing tries to avoid taking federal aid and the stake in the company that might come with it. Boeing states that the funds raised will be used for general corporate purposes.
Boeing to raise as much as $25 billion to shore up balance sheet
