UPDATE 1-Boeing restarting commercial airplane production next week [Reuters]
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Source: Reuters
Boeing restarting commercial airplane production next week (Reuters) - Boeing Co said it will resume commercial airplane production next week in Washington State after suspending operations last month in response to the coronavirus pandemic, and the company’s chief executive told employees the aerospace industry will need financial help from the government. “Our industry will need the government’s support, which will be critical to ensuring access to credit markets and likely take the form of loans versus outright grants,” Boeing chief executive Dave Calhoun told employees in a letter seen by Reuters. “Our team continues to focus on the best ways to keep liquidity flowing through our business and to our supply chain until our customers are buying airplanes again,” it said. About 27,000 Boeing workers in the Puget Sound area will return to production of the 747, 767, 777 and 787 jet programs. Employees in the Puget Sound for the 747, 767 and 777 will return on April 20 or April 21, whi
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- BA's page on the SEC website