(Reuters) – Boeing is considering raising at least $10 billion by selling new shares, Bloomberg News reported on Tuesday, citing people familiar with the discussions.

The planemaker is working with advisers to consider its options, the report said, adding that capital raising is not expected to happen for at least a month.

Boeing did not immediately respond to Reuters’ request for comment. Reuters has not independently verified the report.

The plane maker is under pressure because production of its best-selling 737 MAX jet has fallen following an incident in January in which a door panel on a new model was blown off in mid-air.

Its finances came under additional pressure after about 30,000 Boeing workers represented by the International Association of Machinists and Aerospace Workers in the Seattle and Portland areas walked off their jobs in September.

Boeing carries a heavy debt load of about $60 billion and posted operating cash flow losses of more than $7 billion in the first half of 2024, according to data compiled by LSEG.

The U.S. aircraft maker had previously signaled it would consider issuing equity as it deals with ongoing safety problems exposed by its January bankruptcy and looming debt defaults.

Industry experts had said Boeing likely needs to raise cash by the end of 2024, with some analysts and investors expecting the company to raise between $10 billion and $12 billion.

Boeing has nearly $4.6 billion in bonds and loans through the end of 2025, according to data compiled by LSEG.

Shares of the aircraft maker lost 1.3% in premarket trading.

(Reporting by Utkarsh Shetti in Bengaluru; Editing by Shilpi Majumdar)