Striking Boeing workers hold a rally at the Boeing Portland Facility on Sept. 19 in Portland, Ore. Photo: Jordan Gale/AFP via Getty Images
Boeing is reportedly weighing a plan to raise at least $10 billion through a stock sale.
Why it matters: The possible fundraising move comes amid a fitful year for Boeing marked by a quality crisis, a CEO shake-up and now a crippling strike.
Zoom in: The jet maker may sell shares to "replenish cash reserves depleted further" by the work stoppage, Bloomberg reported today.
It wouldn't happen until after the 18-day strike is over so that the company has a better sense of the financial wreckage it's facing.
What they're saying: Boeing declined to comment to Axios, but CFO Brian West said Sept. 13, "We're constantly evaluating our capital structure and liquidity levels to ensure that we could satisfy our debt maturities over the next 18 months while keeping confidence in our credit rating as investment-grade."
