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Workers Vs Investors: What Will Big Aerospace Do With Federal Bailouts?

23 Mar 2020, 14:40 UTC
Workers Vs Investors: What Will Big Aerospace Do With Federal Bailouts?
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Editorial: Why Coronavirus Cannot Kill Aviation, Aviation Week

"It is vital for governments, lawmakers and industry leaders to recognize that aviation will need help getting through such destructive upheaval. But in some cases, the optics will invite legitimate criticism. For example, Boeing has returned nearly $50 billion to its shareholders over the past five years while investing far less. Now it wants taxpayers to cough up tens of billions for a bailout? U.S. airlines are no better: They have sent 96% of free cash flow to shareholders over the last five years. And what about those airlines in Europe that should have been allowed to die long ago? Will they use this crisis as leverage for yet another government rescue?"

Trump says he is 'OK' with forbidding buybacks as condition of corporate bailouts, CNBC

"President Donald Trump said on Thursday that he would not oppose barring companies that receive federal assistance during the coronavirus pandemic from conducting stock buybacks."

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