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Stock impact report

Boeing hires Lazard, Evercore to assess government aid, says source [MSN Money]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
Company Research Source: MSN Money
WASHINGTON (Reuters) - Boeing Co has hired invtmt banks Lazard and Evercore Inc to asss pottial U.S. governmt assistance or private sector loans, a person briefed on the matter confirmed on Friday.© Reuters/David RyderThe largt U.S. planemaker asked last month for at least $60 billion in U.S. governmt loan guarante 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," Pridt Donald Trump told reporters on Friday. "Boeing has not asked for aid yet but I think they probably will... We can't let anything happ to Boeing."Boeing did not immediately commt.Boeing has noted that typically 70% of its revue flows to its 7,000 suppliers and has told lawmakers that without significant assistance the tire U.S. aviation manufacturing sector could collapse."This isn't a great time to sell airplan," Trump said, adding that the United Stat will make sure "Boeing is strong again."Load Error Show less Read more
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