Niraj Chokshi

A new chief executive is restructuring the aerospace manufacturer, which has been losing money for several years while struggling to improve production quality.

The aerospace giant said it could raise as much as $25 billion in debt or equity over the next three years, including a $10 billion line of credit.

The deal reached by the machinists union, which represents more than 33,000 workers, would cumulatively raise wages by nearly 40 percent over four years, according to details shared by the union.

The vote will extend a monthlong strike at factories where the aerospace company makes its best-selling commercial airplane.

As Kelly Ortberg presented his strategic vision, more than 33,000 striking employees of the aerospace manufacturer were expected to vote on a new contract.

The aerospace manufacturer’s largest union said it would put the contract to a vote on Monday by its 33,000 members, who rejected two earlier agreements.

About 33,000 workers at the aerospace manufacturer had been on strike for nearly two months, having rejected two earlier contract offers.

The aerospace manufacturer and its new chief executive face a daunting to-do list, including improving quality and increasing production of its commercial planes.

The low-fare carrier has struggled to find its footing after its planned merger with JetBlue was blocked by a federal judge.

For decades, the company made money even as other airlines stumbled and went bankrupt. But the carrier has struggled to adapt to changes in air travel.