Boeing calls for $60 billion bailout of US “aerospace manufacturing industry”

Boeing has called for a $60 billion package of support for what it terms the “US aerospace manufacturing industry,” just days after the airframe revealed in an 8-K filing to the Securities and Exchange Commission that it had fully drawdown on a $13.8 billion revolving credit facility. Following US President Trumps public statement of support Boeing put out a statement saying that it “supports” a minimum of $60 billion in access to public and private liquidity, including loan guarantees, for the aerospace manufacturing industry. “We appreciate the support of the President and the Administration for the 2.5 million jobs and 17,000