A pilot waves as a Boeing 777X airplane taxis during its first test flight from the company's plant in Everett, Washington, U.S. January 25, 2020.
Terray Sylvester | Reuters
Boeing is seeking "tens of billions of dollars" in U.S. government loan guarantees and other assistance as it faces a looming liquidity crunch from the massive coronavirus economic disruption impacting the entire aviation sector, two people briefed on the matter told Reuters.
The U.S. planemaker has told lawmakers it needs significant government support to meet liquidity needs, the people said. Boeing confirmed Monday it was in talks with the administration about short-term support, while U.S. President Donald Trump said Tuesday the U.S. government would provide support. Boeing has noted that typically 70% of its revenue flows to its 17,000 suppliers.