Boeing’s new CEO vows to make it ‘iconic’ again after posting $6.1 billion loss in his 1st earnings

Later on Wednesday, some 33,000 union members who have been on strike for 40 days are set to vote on the company’s third contract offer.

It could put an end to the tense situation estimated to have cost Boeing over $5 billion, according to an analysis from Anderson Economic Group shared with CNN.

Bank of America analysts said in a Sunday report they’re optimistic about union members voting to end the strike, because the acting Labor Secretary, Julie Su, mediated negotiations.

Earlier this month, Boeing announced plans to lay off 10% of its workforce — around 17,000 people — plus a further delay to its much-anticipated 777X program.

Sir Tim Clark, the president of Emirates — the largest 777X customer — subsequently criticized Boeing and said they would have “a serious conversation.”

Days after the layoff announcement, Boeing said in regulatory filings that it had entered a $10 billion credit agreement with four major banks, and said it may sell up to $25 billion in securities.

“These are two prudent steps to support the company’s access to liquidity,” Boeing said in a statement.