President Donald Trump said last month, in one of the many instances he expressed support for the company. "We can't let anything happen to Boeing," U.S. economy which was hit hard by the pandemic, subsequently carved out $17 billion in aid for Boeing and other companies critical to national security.īoeing itself had lobbied extensively for aid and had called for at least $60 billion in government loans for the entire aerospace manufacturing sector. stimulus package, enacted into law at the end of March to provide relief to the U.S. aerospace industry urgently needed capital to cope with the fallout from the coronavirus outbreak.Ī $2.3 trillion U.S. On March 24, Boeing's Chief Financial Officer Greg Smith told Reuters in an interview that the credit markets were "essentially closed" to the largest U.S. government support, even without having to accept taxpayer money as aid. ![]() It underscores how the Chicago-based company capitalized on U.S. The upsized deal, this year's largest investment-grade bond issue and the sixth largest on record, surpassed Boeing's expectations.
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