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Boeing To Big To Fail - $10 Billion Credit Line and Stock Sale Up to $25 Billionwww.cnbc.com/2024/10/15/boeing-equity-debt-raise.html
30 sats \ 4 comments \ @Cje95 15 Oct 2024 econ
CNBC guest states Boeing is to big to fail and the government will step in if it needs to!!!
We finally have the official news that has been whispered. I will be extremely interested to see if they end up selling off their space segment. Starliner has cost the company billions without any sort of perk while its ULA partnership should be able to get them something even with their market share shrinking.
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0 sats \ 3 replies \ @Satosora 15 Oct 2024
Maybe it is time for boeing to go bankrupt? The USA xant prop it up forever.
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20 sats \ 2 replies \ @Cje95 OP 15 Oct 2024
According to what the guest said on CNBC the issue with that would be the tens of thousands of downstream jobs lost. I personally think they could sell off some assets and restructure without the whole bankruptcy move. Plus the banks are willing to give them 10 billion so demand is there. If the stock sell goes well then I think they will be fine but they have to address the corporate rot in the company
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0 sats \ 1 reply \ @Satosora 15 Oct 2024
They need to reorganize their corporate structure. Its ballooned out of proportion.
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0 sats \ 0 replies \ @Cje95 OP 15 Oct 2024
Agree! Conglomerates just are not what they once were in the US except with a few conditions like Berkshire lol but Warren Buffet is a maverick so
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