Boeing urged to take bailout cash
The seven Democrats in Washington state’s congressional delegation wrote to Boeing CEO David Calhoun on Monday, urging him to take federal bailout money “to safeguard thousands of jobs at Boeing in Washington state and across the country.”
The letter noted that while Boeing had pressed for the nation’s aviation and aerospace sectors to be included in the government rescue program to cushion the economic blow of the coronavirus epidemic, “we are disappointed to read reports that you are now considering forgoing the relief Boeing requested.”
The state’s four Republican U.S. representatives did not sign the letter.
Calhoun has said Boeing may not take any federal bailout money if it comes with strings attached — such as giving the federal government an equity stake in the company.
— The Seattle Times