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Boeing crisis spreads to suppliers and airlines

A damaging strike could soon be over, but more companies are citing problems at the manufacturer as a reason for falling profits
Boeing crisis spreads to suppliers and airlinesPublished on October 24, 2024
  • Boeing expects $6bn quarterly loss
  • Analysts say fundraising not enough

Aerospace suppliers on both sides of the Atlantic have been hit by the ongoing struggles at Boeing (US:BA) and wider issues across the commercial plane supply chain, as the struggling manufacturer aims to bring in $35bn (£27bn) in new equity and debt to shore up its balance sheet.

Worker strikes and plane delivery delays have exacerbated the troubles at Boeing, after sentiment was already pummelled by safety issues and huge net debts. A strike by the International Association of Machinists and Aerospace Workers has meant plane production at Boeing sites in Washington has shuddered to a halt, with suppliers and airline customers hurt by the collateral damage. 

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