Boeing Mulls Equity Sale, Plans New Cut to Dreamliner Output
- Financial goal is ‘all about paying down that debt,’ CFO says
- Wide-body jet’s monthly production to fall to five by mid-2021
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Boeing Co. is studying an equity sale and other ways to ease a debt burden that has soared to $61 billion this year amid the worst slump in aviation history.
Adding to the financial stress, Boeing will trim output of its 787 Dreamliner to five planes a month by mid-2021, one less than previously planned, Chief Financial Officer Greg Smith said Friday. Boeing didn’t deliver any of the marquee wide-body jets last month and December shipments will be slow as the company inspects each aircraft for manufacturing flaws, Smith said.