Boeing plans to raise over €17bn amid worker strike

Monday's long-awaited stock offering will give Boeing a financial cushion as its chief executive, Kelly Ortberg, tries to deal with the steep costs of the strike by 33,000 workers

Boeing employees work the picket line after union members voted to reject a new contract offer from the company last week. Picture: Lindsey Wasson/AP

Boeing has announced moves to raise as much as $19bn (€17.6bn) as it tries to shore up its finances amid a costly worker strike and an ongoing crisis about the safety of its airplanes.

The US manufacturer said on Monday it would sell 90m common shares, raising about $14bn (€12.9bn), plus another $5bn (€4.62bn) in depositary shares.