Boeing On The Mooch - Hey buddy, can you spare me 10 billion?


NZDoug
Free Thinker
#1
Maybe they should pass the hat in Iran and Afghanistan
..................................
Boeing called for the U.S. government to provide a minimum of $60 billion in aid to the aerospace manufacturing community in response to the COVID-19 coronavirus crisis that has cratered air travel and could trigger a worldwide recession.
“This will be one of the most important ways for airlines, airports, suppliers and manufacturers to bridge to recovery,” Boeing said in a late March 17 statement. “Funds would support the health of the broader aviation industry, because much of any liquidity support to Boeing will be used for payments to suppliers to maintain the health of the supply chain,” the Chicago-based company continued.
Negotiations between the Trump administration and lawmakers continue in Washington, according to regular press announcements by officials and congressional leaders. The administration pitched a roughly $1 trillion stimulus package idea to Congress earlier March 17 as part of a third wave of virus-response legislation.
Boeing claimed the long-term outlook for the aerospace 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 called for the aid in public and private liquidity, including loan guarantees. The plea rivals many others from across the aviation world currently bombarding Capitol Hill. The Aeronautical Repair Station Association, which represents U.S. aviation repair stations, also on March 17 asked for $11 billion in grants and loans and a tax credit to help offset an anticipated slowdown in aftermarket work. U.S. airlines are asking for $58 billion in financial relief, while U.S. airports have made a pitch for $10 billion.
Without identifying the Boeing bid or others, Aerospace Industries Association (AIA) president and CEO Eric Fanning soon followed with a statement of support. “Few industries are more inextricably linked to our nation’s continued success and global competitiveness than aerospace and defense,” he said. “Right now, extraordinary challenges to our workforce and our heavily integrated supply chain are reverberating across America’s industrial base, which in turn, is having a major and measurable impact on our economy.”
more
https://aviationweek.com/aerospace/b...780fed72c547a4
 
AnnaE
#2
lol YAY Corporate welfare!
 
petros
#3
Cool.

So, why did the Corporation of Canada just borrow $1,139,800,000USD due Jan 22 2025?
 
AnnaE
#4
Quote: Originally Posted by petros View Post

Cool.

So, why did the Corporation of Canada just borrow $1,139,800,000USD due Jan 22 2025?

Because it could? The alternative is to print more.
You seem to think the public can't borrow money? lol
 
petros
#5
The public cant.

This guy can.

Name and address of person authorized to receive notices

and communications from the Securities and Exchange Commission:

PETER MILBOURN

Counsellor (Finance)

Canadian Embassy

501 Pennsylvania Avenue, N.W.

Washington, D.C. 20001
 
AnnaE
#6
Quote: Originally Posted by petros View Post

The public cant.

This guy can.

Name and address of person authorized to receive notices

and communications from the Securities and Exchange Commission:

PETER MILBOURN

Counsellor (Finance)

Canadian Embassy

501 Pennsylvania Avenue, N.W.

Washington, D.C. 20001

geeezez The gov't (or a member of it) represents the public.
Never mind, just stick with your ignorance of what socialism is.
 
petros
#7
Quote: Originally Posted by petros View Post

The public cant.
This guy can.
Name and address of person authorized to receive notices
and communications from the Securities and Exchange Commission:
PETER MILBOURN
Counsellor (Finance)
Canadian Embassy
501 Pennsylvania Avenue, N.W.
Washington, D.C. 20001

Quote: Originally Posted by AnnaE View Post

geeezez The gov't (or a member of it) represents the public.
Never mind, just stick with your ignorance of what socialism is.

My version?

Can you read? If given a link would you read it?
 
Avro52
#8
Nikki Hailey resigned from the board in protest over the ask.

She's running.
 
AnnaE
#9
Quote: Originally Posted by petros View Post

My version?

Can you read? If given a link would you read it?

On;ly if it's serious, coward.
 
Hoid
#10
https://www.fool.com/investing/2020/...s-oil-ind.aspx

who does Boeing think they are? The Canadian oil industry?
 
Jinentonix
No Party Affiliation
+2
#11  Top Rated Post
Quote: Originally Posted by Hoid View Post

https://www.fool.com/investing/2020/...s-oil-ind.aspx

who does Boeing think they are? The Canadian oil industry?

No, Bombardier.
 
AnnaE
#12
Quote: Originally Posted by Jinentonix View Post

No, Bombardier.

Yeah Bombardier, American style.
 
Jinentonix
No Party Affiliation
+2
#13
Quote: Originally Posted by AnnaE View Post

Yeah Bombardier, American style.

Well that remains to be seen. If Boeing sells off one of its divisions after getting a bail out then it'll be 'Bombardier, American style".
 

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