https://boeing.mediaroom.com/news-releases-statements?item=130647
WASHINGTON, D.C., March 26, 2020—We thank the Administration.
Especially the President and Secretary Mnuchin, as well as the Senate for
working together to take swift bipartisan action to support the American
Economy.
Including the 2.5 million jobs and 17,000 suppliers that Boeing put at risk.
The aerospace industry and the U.S. Economy are now heavily dependent
On the American Taxpayer to support this sector due to our companies utter
And Complete Lack Corporate Governance.
We fully recognize the high level of incompetence in the Boeing Board and are
Working to replace Boeing’s Board of Miscreant Monkeys as they have become
An international embarrassment and a stain on this once great company.
Furthermore we understand that Boeing was once considered the world leader
In commercial aviation and that is simply not the case anymore. Yes Boeing
Is a disappointment and will continue to be so, for some time.
Temper your expectations.
The Bail-Out Bill will give Boeing access to public and private liquidity,
Including loans and loan guarantees, this is critical for the airline industry
As many of those company’s suffer from the same pour Corporate Governance
As Boeing, in that they have squandered billions on stock buyback programs too
Boeing’s top priority is to protect our workforce {Wink Wink} and support our
extensive supply chain.
The CARES Act will help provide adequate measures to help address the
Covid-19 Pandemic and Boeing’s gross negligence on many fronts.
We have also taken a number of measures for affordability and liquidity as
we navigate the challenges our debacle, including forgoing pay for our CEO
And board chairman, suspending our dividend until further notice, and
extending our existing pause of any share repurchasing until further notice.
We appreciate the House taking swift action to support the American people.
Because we here at Boeing are not capable of keeping our house in order.