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Stock impact report

Boeing hires Lazard, Evercore to assess government aid, private sector loans: source [Reuters]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
Company Research Source: Reuters
Boeing hires Lazard, Evercore to assess government aid, private sector loans: source WASHINGTON (Reuters) - Boeing Co has hired investment banks Lazard and Evercore Inc to assess potential U.S. government assistance or private sector loans, a person briefed on the matter confirmed on Friday. The largest U.S. planemaker asked last month for at least $60 billion in U.S. government loan guarantees for itself and other American aerospace manufacturers to help the embattled industry withstand a coronavirus-related cash drain. “We’re going to be meeting with Boeing,” President Donald Trump told reporters on Friday. “We can’t let anything happen to Boeing. It’s got so much potential.” Boeing did not immediately comment. Boeing has noted that typically 70% of its revenue flows to its 17,000 suppliers and has told lawmakers that without significant assistance the entire U.S. aviation manufacturing sector could collapse. The Wall Street Journal reported earlier that Boeing had hired the two inv Show less Read more
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