Sen. Cantwell: Boeing may not like strings attached to U.S. help for aviation in coronavirus crisis
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March 26, 2020 - by Dominic Gates for seattletimes.com
As the leaders of the U.S. Senate worked Wednesday to finalize details of a roughly $2 trillion emergency relief package, Sen. Maria Cantwell expressed doubt that Boeing will accept the direct government loans it offers.
Boeing, in response, said it's premature to speculate before details of the final legislation emerge. The company late Wednesday issued a statement applauding passage of the Senate bill, saying it will boost the U.S. aerospace industry.
Cantwell, in an interview, welcomed the aid for the aviation world. But she cited Boeing CEO Dave Calhoun's recent comment that he didn't want government taking an equity stake in the company in exchange for financial support.
Cantwell said the Senate bill includes $500 billion in support for large businesses, with up to about $85 billion of that for aviation, including airlines, aircraft repair firms, airports and aerospace manufacturers.
But the money comes with strings attached...