Boeing Considers Selling Stock to Cut $61 Billion Debt Burden

Boeing Considers Selling Stock to Cut $61 Billion Debt Burden
Lou Whiteman, The Motley Fool

Boeing (NYSE: BA) put to rest questions about its viability back in April by raising $25 billion in new debt. Appearing at a Credit Suisse investment conference Friday, Boeing chief financial officer Greg Smith said the company's focus in the months to come will be on paying down some of its massive $61 billion in debt. The company has struggled since the March 2019 grounding of the 737 MAX, which drained free cash flow.