The strike that has put Boeing, the aviation giant, in a financial crisis has entered its second month. Production of the company’s best-selling aircraft has come to a halt. Reports indicate that the strike is starting to strain the company’s economic resources and a quest for financing has commenced.

The strike at American Boeing, one of the world’s two major aircraft manufacturers, has entered its second month. Employees raised their demands for salary increases again by organizing a protest demonstration. Pressure on the management to end the strike, which has put the company in financial distress, is increasing day by day. Hundreds of workers gathered in the main hall of the union headquarters yesterday. Democratic politicians representing the state of Washington in Congress called on both the union and the company management to provide the essential pay and irreplaceable benefits for the company.

AIRCRAFT PRODUCTION HALTED
Boeing’s approximately 33,000 unionized workers, most of whom are in Washington, demanded a 40% wage increase spread over four years in the collective bargaining negotiations. The production of the company’s best-selling aircraft, the 737 MAX along with the wide-body 767 and 777 aircraft, has been halted since September 13th due to the strike.

STRAINING FINANCIAL RESOURCES
The strike is straining the company’s financial resources. Boeing announced plans to raise capital and borrow $25 billion within three years, while also securing a $10 billion credit agreement from banks. Both the company and the union are blaming each other for the prolonged strike. Last week, Boeing withdrew its latest offer, which included a 30% increase in wages over four years, after no agreement was reached during negotiations under the supervision of mediators.