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Boeing calls for at least $60 billion in federal aid to help aerospace industry – MarketWatch

Boeing Co.

said late Tuesday that is supports “a minimum of $60 billion” in government aid to help the aerospace industry weather the economic impact of the coronavirus outbreak. In a statement, Boeing said it was seeking access to public and private liquidity as well as loan guarantees for the aerospace manufacturing industry. “The long term outlook for the industry is still strong, but until global passenger traffic resumes to normal levels, these measures are needed to manage the pressure on the aviation sector and the economy as a whole,” Boeing said. Earlier in the day, President Donald Trump called for a “big, bold” stimulus package for workers and companies, including Boeing. “We have to protect Boeing,” he said. The Wall Street Journal reported the total package proposes about $850 billion, with about $50 billion for the aerospace industry.

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