Boeing’s crisis is getting worse. Now it’s borrowing tens of billions of dollars
Boeing’s crisis is worsening as the company is now in the position of needing to borrow billions of dollars to stay afloat. This once high-flying corporation has seen its credit rating plummet to just above “junk bond” status, with major credit agencies warning of a potential downgrade to junk. It’s a shocking turn of events for a company that was once a symbol of American innovation and excellence.
The root causes of Boeing’s downfall can be traced back over the last six years, where a series of problems – from embarrassing mishaps to tragic accidents – have rocked the company to its core.… Continue reading
John Q. Hosedrinker