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Boeing to raise up to $25bn as strike weighs on finances

A Boeing 777X airplane takes off on its inaugural flight at Paine Field in Everett, Washington on January 25, 2020. [AFP]

US aircraft manufacturer Boeing unveiled measures meant to replenish its cash flow Tuesday, including an intention to raise up to $25 billion, as it navigates recurrent production problems and a major US strike.

In a regulatory filing, the aviation giant indicated plans to raise the funds by selling stock and debt.

It also earlier announced that it was in an agreement to obtain $10 billion in credit from multiple banks.

The moves come amid a machinist strike in the Seattle region which effectively shut down assembly plants for the 737 MAX and 777.

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