Boeing Has $15 Billion In Liquidity And Can Survive In Short Term; Credit Markets Need To Reopen
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March 24, 2020 - by Scott Hamilton for leehamnews.com
Boeing CEO David Calhoun said the company has $15bn in liquidity and can survive in the short term, but federal aid is needed as long as the credit markets aren't open.
The US Defense Department is working to accelerate payments to Boeing, which has a large defense business. Revenue at Boeing Global Services is down as airlines across the globe shut down or sharply reduced operations.
Calhoun made his remark on CNBC's Squawk Box today.
Asked twice whether Boeing might be headed for bankruptcy without a federal bailout, Calhoun didn't answer directly. But he said if...
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