Boeing declared it won’t accept a bailout if it requires that the government takes an equity stake in the corporation:
“I don’t have a need for an equity stake,” [Chief Executive Officer Dan] Calhoun said in an interview Tuesday with Fox Business. “I want them to support the credit markets, provide liquidity. Allow us to borrow against our future.” He indicated that the Chicago-based company wouldn’t accept aid in exchange for the government owning a share. “If you attach too many things to it, of course, you take a different course,” he said.
Here’s a idea Sparky: don’t take the loan.
We give the last word to:
Boeing’s CEO indicated he won’t accept aid if U.S. demanded an equity stake…I’m sorry, but if you have so much flexibility that you think you can set the terms of your own bailout, then why in the world are you asking for $60 billion?https://t.co/wfMyuSHIBb via @technology
— Brooke Sutherland (@blsuth) March 24, 2020