(CNN)– Boeing is turning to major banks and Wall Street to raise tens of billions of dollars in cash.
In a regulatory filing, the company announced plans to borrow $10 billion from numerous banks.
It also separately announced plans to raise $25 by selling stock and debt.
Last week, Boeing’s new CEO announced plans to cut 10% of its worldwide staff of 171 thousand workers.
The moves come as the company contends with massive financial losses and from a crippling strike and years of operational and safety problems.
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Tags: Boeing