Boeing enlists banks to advise on possible US support: sources - News Summed Up

Boeing enlists banks to advise on possible US support: sources


Boeing enlists banks to advise on possible US support: sourcesBoeing has enlisted investment banks Lazard and Evercore to advise it on talks with Washington on potential federal aid in the wake of the coronavirus, sources told AFPNEW YORK - Boeing has enlisted investment banks Lazard and Evercore to advise it on talks with Washington on potential federal aid in the wake of the coronavirus pandemic, sources told AFP Friday. Boeing, the biggest US exporter, had sought $60 billion in federal support for itself and the 17,000 suppliers and contractors in its supply chain. "We can't let anything happen to Boeing," Trump said at a White House briefing. Later in the briefing, Trump said that he thought Boeing "probably" will seek federal support. A key test flight of the Boeing 737 MAX has been pushed back by a month to May due to the upheaval of the coronavirus crisis, sources told AFP earlier this week.


Source: Bangkok Post April 10, 2020 21:33 UTC



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