Boeing CEO Rejects Talk of Government Equity Stake

Boeing (NYSE: BA) CEO David Calhoun said Tuesday that the company could reject any aid package that requires the government taking an equity stake in the company, drawing a line in the sand less than a week after requesting a $60 billion bailout for the commercial aerospace industry.

Commercial aerospace figures to be hit hard by the COVID-19 coronavirus pandemic. Airlines globally are scrambling to cut flights and ground aircraft due to deteriorating travel demand, which will likely lead to reduced new aircraft and spare part sales in the quarters to come.

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