Boeing secures $10b credit amid strike, debt challenges

Boeing has secured a $10 billion credit agreement with a group of banks, as the US aerospace giant navigates financial challenges stemming from a crippling strike and looming debt maturities.

The deal comes as Boeing faces $11.5 billion in debt maturing by February 2026, and as roughly 33,000 workers have walked off the job, disrupting production of its 737 MAX aircraft and costing the company over $1 billion monthly.

Shares of Boeing rose 2 per cent in pre-market trading, signaling investor optimism despite ongoing financial pressures. Boeing is also grappling with more than $60 billion in debt, $7 billion in cash flow losses this year, and the threat of a credit rating downgrade to junk status.

Attribution: Reuters

Subediting: M. S. Salama