Home » News & Blogs » Former U.N. envoy breaks with Boeing over aid
Bookmark and Share
Cosmic Log

Former U.N. envoy breaks with Boeing over aid

19 Mar 2020, 23:20 UTC
Former U.N. envoy breaks with Boeing over aid
(200 words excerpt, click title or image to see full post)

During her term as South Carolina’s governor, Nikki Haley paid tribute to the expansion of Boeing’s operations in the state. (South Carolina Governor’s Office Photo / Sam Holland)
Nikki Haley, the former South Carolina governor and U.N. ambassador who has been touted as a future presidential candidate, says she’s resigning from Boeing’s board of directors to protest the company’s request for $60 billion in federal aid.
Boeing has been hit hard by the impact of the coronavirus outbreak on the aviation industry, as well as the continued grounding of the 737 MAX fleet in the wake of two fatal crashes. This week the company said it supports a minimum of $60 billion in access to private and public liquidity for the aerospace manufacturing industry.
In a letter sent to Boeing CEO David Calhoun and the board, Haley said she couldn’t go along with Boeing’s request.
“I cannot support a move to lean on the federal government for a stimulus or bailout that prioritizes our company over others and relies on taxpayers to guarantee our financial position,” she wrote. “I have long held strong convictions that this is not the role of government.”
For that reason, she said she was resigning ...

Latest Vodcast

Latest Podcast

Advertise PTTU

NASA Picture of the Day

Astronomy Picture of the Day

astronomy_pod