Boeing Taps Investment Banks as It Weighs Government Aid
Boeing may need to raise as much as an additional $20 billion this year...
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April 10, 2020 - by By Cara Lombardo and Liz Hoffman for wsj.com
- Talks with Treasury are expected to pick up later in April
The U.S. Treasury Department has earmarked up to $17 billion of federal aid for Boeing and its suppliers as part of a larger rescue of the airline industry in the roughly $2 trillion stimulus package.
Analysts estimate Boeing may need to raise as much as an additional $20 billion this year to cover debt service, customer and supplier support and costs to complete joint ventures with Embraer SA .
Government aid is likely to come with...