Boeing plans to raise $20b to boost liquidity amid crippling strike

Boeing is planning to launch a capital-raising exercise as early as Oct 28, according to people familiar with the matter, in an offering that would help the beleaguered airplane maker boost its liquidity.

The company is set to raise more than US$15 billion (S$19.8 billion) from the fund-raising, one of the people said, adding that the amount could still rise depending on demand.

Boeing's advisers have been lining up potential investors for the offering, according to people familiar with the matter, who asked not to be identified as the information is not public.

The transaction is likely to include shares as well as debt that can be converted into equity, the people said.

The company on Oct 23 received clearance from the US Securities and Exchange Commission to sell as much as US$25 billion of equity and debt, a move that could help Boeing avoid having its credit rating downgraded to junk.