Boeing to get coronavirus bailout from Senate in spite of 737 Max crisis

The Senate coronavirus bailout being proposed on Wednesday includes billions of dollars for Boeing, according to a new report from The Washington Post.A $17 billion loan provision for companies “critical to maintaining national security” doesn’t mention Boeing by name, but was designed for the company, sources told the newspaper.Boeing has been hit by the COVID-19…

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Boeing CEO says company may reject stimulus if Treasury seeks equity stake | TheHill

Boeing chief executive David Calhoun on Tuesday suggested that the aircraft manufacturer would not accept federal aid as part of a pending economic rescue bill if it meant giving the Treasury Department a stake in the company.Calhoun said in an interview with Fox Business Network that it’s “not ideal” for Boeing to surrender equity to the…

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Boeing stock plunges as bailout potential customers stop working to comfort investors, and might even add to issues

Shares of Boeing Co. plunged Wednesday toward a seven-year low, as the prospects of a taxpayer bailout of the aerospace giant failed to allay investor fears of potential liquidity issues, as the COVID-19 pandemic continues to cripple the aerospace industry. Analyst Robert Stallard at Vertical Research Partners suggested a government bailout would be far from…

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