The Boeing Co.’s stock price dropped 7.65 percent to $57 a share Wednesday amid concerns over the government bailout of AIG, which owns a key customer of the jet maker.
AIG’s International Lease Finance Corp. owns about 1,000 commercial jets and has an order backlog of 102 planes from Boeing, company officials said.
Late Tuesday, the company received an $85 billion taxpayer loan from the government, which could be converted into a majority stake in AIG.
Concern over AIG’s stability was a factor in Boeing’s stock, which lost $4.72 to close near it’s 52-week low of $56.43.
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