Boeing raising up to $35bn as costly strike enters second month

Boeing says it aims to raise up to $35bn (£26.8bn) from investors and banks as a costly strike by thousands of its workers enters its second month.

Also on Tuesday, the union representing more than 30,000 of the aviation giant’s workers held a rally in the city of Seattle.

The company is moving ahead with plans to layoff around 17,000 workers, with the first redundancy notices expected to be issued in mid-November.

Talks to end the walkout collapsed last week as the firm withdrew an offer that included a 30% pay rise over four years.