Boeing seeking ‘tens of billions’ in U.S. government loan guarantees, sources say


A pilot waves as a Boeing 777X airplane taxis all through its initial test flight from the firm’s plant in Everett, Washington, U.S. January 25, 2020.

Terray Sylvester | Reuters

Boeing is looking for “tens of billions of bucks” in U.S. authorities personal loan guarantees and other support as it faces a looming liquidity crunch from the large coronavirus economic disruption impacting the total aviation sector, two persons briefed on the make a difference explained to Reuters.

The U.S. planemaker has told lawmakers it desires significant govt assist to satisfy liquidity needs, the people explained. Boeing verified Monday it was in talks with the administration about limited-time period help, when U.S. President Donald Trump said Tuesday the U.S. governing administration would supply guidance. Boeing has noted that normally 70% of its income flows to its 17,000 suppliers.


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