Boeing in talks for short-term U.S. government assistance
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March17, 2020 - by David Shepardson for reuters,com
WASHINGTON (Reuters) - Boeing Co (BA.N) confirmed it is in talks with senior White House officials and congressional leaders about short-term assistance for itself and the entire aviation sector.
Boeing, already struggling to win approval from regulators for its 737 MAX to return to service after two fatal crashes in five months, is in talks with the U.S. government to try to win support for manufacturers, suppliers, airlines and airports, the person said.
This discussions come on a day the planemaker saw its stock plummet 24% to $129.61, and is off more than 60% over the last month as the coronavirus pandemic slashed travel demand worldwide. Earlier on Monday, S&P Global downgraded Boeing's credit rating and lowered its free cash flow expectations for the company.
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