Boeing seeks $60 billion in government aid for aerospace industry hit by coronavirus

March 18, 2020
Aviation has been hit hard by the virus, which has crippled air travel demand, reports Leslie Josephs for CNBC.

WASHINGTON - Boeing said Tuesday that it is supporting $60 billion in government support for the aerospace industry hit hard by the coronavirus pandemic, reports Leslie Josephs for CNBCContinue reading original article.

The Intelligent Aerospace take:

March 18, 2020-"We’re leveraging all our resources to sustain our operations and supply chain," Boeing said in a release on Tuesday. "We continue to assess additional levers as we navigate the current challenges and position the industry for the long term. As reported last week, drawing on our delayed draw loan term was a prudent step to increase our liquidity and ease some of the significant near-term pressures on our business. We filed an 8-K today to formally disclose that draw down."

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Jamie Whitney, Associate Editor
Intelligent Aerospace

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