And will likely be downgraded again soon,
Translation for the geniuses at Boeing.
Your employer is now among the likes of Sears, WeWork, and other companies about to go bankrupt.
No reputable institutional investor on the planet will want to own Boeing stock and most are prevented from doing so, due to Boeing's junk credit rating.
You now work for a company with worse credit than your own.
Have a nice day.
Inevitable.
Exxon Mobil to receive 5 Billion in loan guaranties
https://apple.news/AroRZkGV_QJaY6ZrfiJcX4g
No one can bail out Boeing. It would be considered illegal subsidies by the WTO.
Boeing will cease to exist by the end of this year, maybe sooner.
Hey OP you're lieing. It was downgraded to BBB. Total fake news trying to get attention
Gov. is bailing out Boeing
After the market crashes no one will be able to afford a VLO
@1sxc What is comprehension, I looked it up, I read It, I still don’t get it.
@1ehk+140UfcCd
Millenials will take VLO if offered. We are burnt out, unappreciated and frustrated by our thankless jobs at Boeing. Especially considering we never received a pension or alternative incentive to stick around.
Airbus wants to give a shout out to Boeing. You guys are awesome! Thanks!
It’s VLO ( voluntary lay-off )
Usually only for those ready or eligible to retire but exceptions have been made in the past
Is VOL only for old timers or can new hires volunteer?
https://www.youtube.com/watch?v=1GjEt-NO944
Airlines Downsize Overnight! // Early Retirements with Pay
@OP+138pWUB7
Will Boeing follow suit? VOL’s
Not according to management
Boeing shutting down by Friday.
But Boeing’s NOT shutting down
All the Bars are going under too, restaurants, hotels and theme parks.
Shut it all down the power plants too. Back to basics that will stop
The population boom. We are the virus, save the planet.
Let the whole rotten capitalist system crash we are all better off
Back to Barter
@1sad Is Right, Speak Truth to Power...
Let them all fail Boeing, Airbus and the lot the Airlines too
We need to save the planet, stop burning fossil fuels.
We still have horses and land to farm We Can Do It
https://www.youtube.com/watch?v=BBvIweCIgwk
“prove it 140 billion in loans highly doubtful”
Could someone please explain ratios, I missed that school day
And I have No Understanding of what a loan is or how it works.
What are paper markets? I read the article but I have no comprehension.
@1grj+140UfcCd
Completely irresponsible to pay out dividends one day, then hold their hand out for a taxpayer funded government bail out.
prove it 140 billion in loans highly doubtful or its credit rating would not have dropped! Try again.
https://boeing.mediaroom.com/news-releases-statements?item=130641
CHICAGO, March 16, 2020—America’s aerospace industry –
which supports over 2.5 million jobs and 17,000 suppliers –
is facing an urgent challenge resulting from the coronavirus pandemic.
The long term outlook for the industry is still strong,
but until global passenger traffic resumes to normal levels,
we’re taking steps to manage the pressure on our business.
We’re leveraging all our resources to sustain our operations.
Meanwhile, ready short term access to public and private liquidity will be
one of the most important ways for airlines, airports,
suppliers and manufacturers to bridge to recovery, and we appreciate how
the Administration and Congress are engaging with all elements of the aviation
industry during this difficult time.
In Short The World is on Fire and Trolls are of no use or value
In these times Sycophant Trolls are as much a disease as the virus
Some Night Reading:
https://www.chicagobusiness.com/finance-banking/key-source-corporate-cash-seizing-amid-credit-market-rout
March 16, 2020 02:58 PM
Key source of corporate cash seizing up amid credit market rout
In the commercial paper market, yields over risk-free rates have surged
to levels last seen during the 2008 financial crisis. The strains are causing
companies—including Chicago's own Boeing—to draw down on backup
credit lines.
A corner of the financial system that provides corporate America with
short-term IOUs to buy inventory or make payrolls is seizing up, triggering
a scramble for cash elsewhere and fueling speculation that the
Federal Reserve will intervene.
In the $1.13 trillion commercial paper market, yields over risk-free rates
have surged to levels last seen during the 2008 financial crisis.
The strains are causing companies to draw down on backup credit lines,
according to people with knowledge of the situation.
The longer the commercial paper market remains stressed,
the more companies will look to tap credit lines, increasing the risk
that banks will need to raise funds themselves,
Bank of America Corp. strategists Mark Cabana and Olivia Lima wrote
in a March 13 note. Cabana said the Fed needs to start buying commercial
paper to unclog the market.
If you don't succeed with one Troll Thread start two More
More_On than off
I'm hearing rumors of a .gov bailout deal that would zero out the equity.
https://finance.yahoo.com/quote/BA/holders?p=BA
People just don’t have the comprehension levels they used too.
That requires too much thinking for this new breed of button pushers
And cell phone dreamers.
Don’t get me wrong I am Not on the side of the
Boeing Board of Misfit Miscreants Monkeys, they belong in jail and worse.
However this nation’s largest exporter of value added product is at risk.
The entire Board is in the process of being replaced and Hopefully Jailed.
America needs Boeing’s products and services.
America does not need the likes of the Misfit Miscreants Monkeys.
https://www.zerohedge.com/markets/boeing-which-repurchased-over-100bn-stock-downgraded-bbb-seeks-short-term-bailout
Boeing has asked White House and Congressional officials for short-term aid
for itself, suppliers and airlines as the outlook for the travel industry worsens
by the day, said people familiar with the matter.
The U.S. plane maker is seeking to avoid layoffs and damage to hundreds of
smaller companies that make parts and systems for its aircraft, said the
people, who asked not to be named because the talks are private.
Boeing has also been buffeted by the grounding of its best-selling 737 Max,
which awaits regulatory clearance to resume flights after two deadly crashes.
We have one small problem with that: while Boeing was perfectly happy
to load up on as much debt as it could over the past decade, the bulk of
the proceeds was used for none other than enriching its shareholders
and management, with zero consideration for those same employees and
suppliers that the company suddenly cares so much about now.
And Boeing certainly didn't care about its passengers when it cut every corner
it could find, to design the 737 MAX as cheaply as possible, a plane that was
"designed by clowns, who are in turn supervised by monkeys",
even if it meant the airplane would become a deathtrap.
The Only People that should be hit are the
Boeing Board of Misfit Miscreants Monkeys
Not the Taxpayer nor the Employees
They want a bailout from US taxpayer so they can keep paying outrageous amounts of money to shareholders and execs, instead of raising money by selling stock. The management is using us as pawns the employee lay-off threat to force Teump to capitulate. If he does, there better be some conditions attached like GM bailout so the shareholders take a hit not just the innocent taxpayer.
"exhibits pour communications skills"
HAHAHAHAHAHAHA
Boeing, Which Repurchased Over $100BN In Stock,
Is Downgraded To BBB, Seeks "Short-Term" Bailout
https://www.zerohedge.com/markets/boeing-which-repurchased-over-100bn-stock-downgraded-bbb-seeks-short-term-bailout
The OP is a Troll who exhibits pour communications skills and a woefully
inadequate knowledge of global financial markets, they are unqualified to
make such statements.
Boeing is capable of securing a little over 140 billion dollars in addition to
their recent 14 billion dollar note.
Boeing {would} be paying higher interest rates, given the new BBB ratting
however given the current status of the global markets, the banks and the
governments will not squeeze to hard...
Have a nice day.
I have a stupid question, do you think Boeing going to layoff people soon?
Thanks Dennis