Boeing spent a billion dollars to avoid junk status |

Boeing announced a $19 billion stock sale to address liquidity issues and prevent a potential credit downgrade to junk status. The sale, one of the largest of any public company, involves 90 million shares of common stock and $5 billion in depositary shares. New CEO Kelly Ortberg faces immediate challenges as a strike at Boeing’s 737 Max production enters its seventh week, halting production. This critical injection of capital will help Boeing stabilize its balance sheet, protect its investment rating and support efforts to ramp up production after the strike ends, marking a turning point for the company’s future. Palki Sharma will tell you more.

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