The company previously studied the possibility of taking advantage of state incentives due to the crisis facing the aviation industry due to the coronavirus.
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The American multinational company Boeing announced Thursday that it has no plans to apply for state financial aid after obtaining raise $ 25 billion in a bond offering, thus trying to strengthen their finances amid the paralysis of the aviation industry due to the coronavirus pandemic.
The aircraft manufacturer said in a statement that will not seek additional funds through capital markets or through the help of the US Government Previously, the company had been studying the possibility of taking advantage of fiscal and economic incentives offered by state entities.
According to some analysts, while the global recession reduces the demand for airplane sales, the additional liquidity provides “a solid advantage” to Boeing’s actions, also managing to avoid any type of commitment derived from federal aid, such as a government shareholding , Bloomberg collects.
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In the midst of the health and economic crisis caused by the coronavirus, US President Donald Trump declared in mid-April that his Administration was ready to take the necessary measures to help Boeing, and assured that “it cannot let nothing happen “to the company because” it has so much potential “.
Days ago, a report revealed that Boeing Co. had been evaluating a spending cut plan that would include the layoff of 10% of its workforce, about 150,000 workers. The budget reduction program would include voluntary layoffs and early retirements, as well as so-called ‘buy-outs’, due to pressure facing the company’s commercial area due to the crisis in the industry.
The company’s finances were already affected even before the pandemic due to accidents involving its 737 MAX model. In less than half a year, his best-selling aircraft suffered two accidents that left a total of 346 dead. The tragedies forced the production of this model to be canceled and the families of the victims to be compensated. The resulting crisis led Boeing Co. to close 2019 with losses of $ 636 million, which marked its first year with negative figures in two decades.
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