According to the Securities Times APP, media reported on Sunday, citing informed sources, that the American aviation giant Boeing (BA.US) is deciding whether to sell some underperforming business units and other company asset portfolios to accelerate the raising of cash, seeking to overcome the sudden drop in production capacity and ongoing employee strikes crisis, and is doing everything possible to prevent the company's cash flow from drying up completely.

Last week, the board of directors of the company held a meeting at the company's headquarters in Arlington, Virginia, where they questioned heads of various departments at Boeing and carefully reviewed reports on the situation of each department.

However, according to media reports, Boeing's CEO Calhly Ortberg did not participate in the discussion. He was appointed as Boeing's CEO in early August, responsible for improving the company's business operations. He is actively involved in negotiations between the company and its largest union leaders, striving to end the strike.

Last Saturday, the proposed agreement reached between Boeing management and union organizations will increase the wages of Boeing's mechanics by approximately 35% over four years.

Boeing said in a statement: "We look forward to our employees voting on the proposal after negotiations." But after workers overwhelmingly rejected the preliminary proposal, it is still not certain whether they will agree to it. The union told workers last Saturday: "The future of this contract is in your hands."

The vote to approve the agreement and get union employees back to work could still leave Boeing in an extremely difficult financial situation. Media reports, industry observers, and analysts speculate that Boeing may need to file for bankruptcy or split into more independent companies to drive Boeing's self-rescue process.

Altborg is striving to take multiple measures to raise at least $10 billion in cash and push for Boeing to cut about 10% of its workforce to minimize losses. These persistent strike losses have exacerbated Boeing's manufacturing business dilemma and disrupted Boeing's vast supply chain.

The company has been making efforts to accelerate the divestment from a rocket manufacturing joint venture with American defense contractor Lockheed Martin. Boeing is also overseeing some troubled major projects, such as the U.S. military's refueling aircraft and the Air Force One replacement.

According to media reports citing informed sources, the company sold a small defense subsidiary that produces surveillance equipment for the U.S. military last week.

Altborg will publicly comment for the first time as CEO on Wednesday, when the union will vote on a new contract, and Boeing will also disclose its financial performance for the third quarter. The company has warned that in the three months ending September 28, there could be expenses in the tens of billions of dollars and a net loss of up to $6 billion.

As global aviation travel demand significantly increases, Boeing is striving to continue delivering finished aircraft to customers, thereby making it a key step to generate operational cash flow by having more workers return to their jobs. As of the end of September, the company has an outstanding order backlog of up to 6,197 commercial aircraft.

Since the COVID-19 pandemic, Boeing has been selectively hiring workers to prepare for higher productivity, but the goal of increasing productivity has not been achieved so far. This is due to the stricter production standards imposed by the U.S. aviation regulatory agency after a door seal on an Alaska Airlines Boeing jet burst in January, leading to restrictions on the company's output. After a series of negative events such as the rupture of the seal on the Boeing 737 MAX 9 door of Alaska Airlines and the recent Boeing employee continuous strikes, Boeing is facing a severe operational dilemma.

Due to the rupture of the Boeing aircraft's cabin door seal of the Alaska Airlines Boeing 737 MAX 9, which led to a drastic drop in Boeing's aircraft production capacity due to heavy regulatory pressure, as well as a series of recent negative events such as the continuous large-scale strikes by Boeing employees, Boeing is facing a severe operational crisis.

With approximately 33,000 employees on strike for over a month, significantly disrupting Boeing's production planning and nearly depleting Boeing's cash reserves, prompting Boeing to announce plans to lay off up to 17,000 people and incur costs of up to $5 billion. This means that Boeing's turmoil over the past year continues to persist. Just a few days after the announcement of this plan, U.S. Deputy Secretary of Labor Julie Su chose to personally intervene in Boeing's employee turmoil in Seattle for the first time.