Boeing is facing financial troubles, cutting 17,000 jobs and delaying the first delivery of its 777X jet due to deepening losses and a strike by its largest labour union. The company’s debt rating was warned of a possible downgrade, with analysts expecting Boeing to raise at least $10bn in new equity. CEO Kelly Ortberg announced the job cuts, with losses totalling nearly $10 per share in the third quarter, reflecting charges on commercial and defence divisions, as well as impacts related to the strike.
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