The buyouts would keep a $60 billion bailout option viable. Forced layoffs would complicate that effort.
He is the man most responsible for those elegant upswept wingtips now standard on new Boeing 737s.
The move, which the aerospace giant sought, aims to resolve an international trade dispute.
Despite a 68% drop, the passenger terminal’s owner expects to weather the coronavirus crisis.
To the relief of anxious employees, the company said it will shut down factory operations for two weeks.
“The money has to be used for the continued operation of the company,” said Rep. Rick Larsen.
The coronavirus brings new worries for companies unhinged by the 737 Max crisis.
The Trump administration has said it would back Boeing, which is also a top U.S. defense contractor.
The planemaker is racing to shore up cash needed to weather the coronavirus pandemic.
With airline schedules slashed, the company faces a challenge comparable to the aftermath of 9/11.
Boeing will equip more employees to work remotely, but for now factory workers will stay on the line.
The company says work areas were “deep-cleaned” and they and other workers were sent home for quarantine.
Boeing projects it will take until midyear to get approval for the multiple fixes on the plane.
The company received 18 orders last month for new large planes but continues to lose orders for the 737 Max.
Companies affected by the coronavirus are turning to banks for short-term financing as a safety net.
The collapse in long-range flying threatens deliveries of Boeing 787 Dreamliners.
The company hopes the move will resolve a trade dispute involving European rival Airbus.
