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 CNBC. Continue 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."
Related: Boeing's huge 777-9X airplane takes its first flight
Related: Boeing forecasts $8.7 trillion aerospace and defense market through 2028
Related: It’s not just software: new safety risks under scrutiny on Boeing’s 737 Max
Jamie Whitney, Associate Editor
Intelligent Aerospace
