Boeing Plans to Raise $35 Billion Amid Financial Struggles

Boeing is seeking to raise tens of billions of dollars, announcing plans to borrow $10 billion from major banks and raise an additional $25 billion through stock and debt sales. This financial maneuver follows the announcement by the new CEO to cut 10% of the company's global workforce of 171,000 amid significant financial losses due to a crippling strike and ongoing operational and safety issues.