WASHINGTON (Reuters) – Boeing Co on Tuesday required a $60 billion lifeline for the having a hard time U.S. aerospace manufacturing industry, which faces substantial losses from the coronavirus pandemic.
A cleansing employee wearing protective fit sprays disinfectant inside the cabin of a Lion Air’s Boeing 737-800, amid the spread of coronavirus illness (COVID-19), at Soekarno-Hatta International Airport near Jakarta, Indonesia, March 17,2020 REUTERS/Willy Kurniawan
Reuters first reported that Boeing was seeking “10s of billions of dollars” in U.S. government loan warranties and other help as faces it a looming liquidity crunch due to the coronavirus’ effect on the air travel sector, two individuals informed on the matter informed Reuters.
Boeing spokesperson Gordon Johndroe consequently stated the company “supports a minimum of $60 billion in access to public and private liquidity, consisting of loan guarantees, for the aerospace manufacturing market.”
Boeing declined to say just how much of that would be for the planemaker versus loan assurances for its suppliers; it was likewise uncertain if U.S. banks would loan any of the more than $60 billion without federal government backing.
The U.S. planemaker has actually told lawmakers it needs substantial federal government assistance to satisfy liquidity needs and it can not raise that in current market conditions, the people said.
Boeing verified Monday it