Boeing on Monday launched the sale of around $19 billion in stock and depositary shares, as the troubled plane maker seeks to shore up its finances.

Shares of Boeing Co. bounced into the green Monday, after the troubled aerospace giant announced a larger-than-expected $19 billion capital raise, through public offerings of common stock and depositary shares.

Boeing on Monday launched a stock offering that could raise up to $19 billion as the planemaker looks to strengthen its finances squeezed by an over month-long worker strike and a year-long safety crisis.

Boeing Co. launched a nearly $19 billion share sale meant to address the troubled planemaker’s liquidity needs and stave off a potential credit rating downgrade to junk.

Boeing’s stock knee-jerked higher after a larger-than-expected capital raise was announced, but then quickly resumed its decline.