Washington Democrats pressure reluctant Boeing to take federal loans
The letter expressed concern that the company was suspending operations and forcing employees unable to telecommute to use vacation or sick leave or seek unemployment.
But Calhoun has made it clear that he is worried that the company will cede equity to the federal government.
“If they force it, we just look at all the other options, and we have a lot of them,” he told Fox Business’s Maria Bartiromo last month. He said it’s “not ideal” not to have help, “but if they put too much into it, of course you take a different path.”
He expressed this concern even after the company asked the federal government for $ 60 billion in cash as part of the back-up plan, saying he preferred an option that would simply allow the company to pay off the loan with interest.
Waiting for advice
A person familiar with the company’s decision-making said they are still awaiting advice from the Treasury Department on the terms and requirements of the relief and will assess what to do based on these guidelines.
The law did not cite Boeing by name, but a provision allocating $ 17 billion in loans to “businesses essential to maintaining national security” was widely seen to apply to the struggling company, which struggled. following two Boeing 737 Max crashes in Ethiopia. and Indonesia which killed 346 people.