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Old 15th Apr 2020, 14:18
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Join Date: Jun 2001
Location: Rockytop, Tennessee, USA
Posts: 5,777
Originally Posted by Sallyann1234 View Post
Will Boeing be next for Treasury aid?
They are supposed to be covered by the CARES Act bailout but there might be strings attached so Boeing might find financial aid elsewhere.

From Business Insider:

  • Boeing is still deciding whether to apply for up to $17 billion in loans from the federal government, part of the coronavirus bailout package, or the CARES Act.
  • The company, which has about $15 billion in liquidity available, may need to raise as much as $20 billion more this year in order to survive the COVID-19 crisis.
  • The company is reluctant to accept the federal aid due to the strings attached. Signs over the past week have suggested that Boeing is seeking other options, including private loans, cost reductions through layoffs, and seeking available cash through forward payments.
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