Foreign media said that Boeing, a symbol of American power affected by the covid-19 outbreak, was humiliated in March when it sought and failed to raise capital in financial markets.

New York on May 24, the AFP reported, although later it success by private investors and to borrow $25 billion (us $1 RMB 7.12 - this net), a painful experience or shows the 103 - year - old Boeing is now facing a new era: Boeing is no longer the dominant industry in decades "big MAC" will not make a mistake.

More than a year after two plane crashes killed more than 300 people, Boeing's star model, the 737MAX, has been grounded and orders are being canceled. That has hurt Boeing's image, and demand for its revolutionary 787 has slumped.

The future of the seattle-based giant, which is equivalent to 1% of U.S. gross domestic product, continues to look bleak because of the public-health crisis that has strangled the global airline industry and relentless competition from its European rival, airbus.

"Boeing faces a serious financial challenge," says Stan solcher, a former Boeing engineer. Air transport collapsed, planes were grounded, airline customers didn't need new planes, there were supplier capacity problems in the supply chain."

"Boeing's big challenge now is to survive," says Scott Hamilton, an expert at liam & co., a leading aviation consultancy.

"There is no question that the problems of MAX, the crash, have put us in a position to go back about two years," David calhoun, Boeing's new President, who took office in January, said on a recent television channel.

Boeing was long seen as a company that could not go bankrupt, the report said. It involves 17,000 suppliers in the United States, 2.5 million direct and indirect jobs, and is the most important supplier to the pentagon. US President Donald trump said on April 11 that he would do "whatever it takes" to help Boeing. U.S. Treasury secretary Steven mnuchin is in regular contact with Boeing, the sources said.

But in the case of Boeing, which has asked for a $60 billion bailout of the industry, the government is considering avoiding public money as a bonus and remuneration for corporate executives.

The rescue came from the federal reserve. With a federal reserve guarantee, the airline giant received $25 billion in financing, the sixth-largest amount of corporate debt in its history. But Boeing has had to make important concessions, such as a promise to pay creditors more if the rating agencies downgrade it again.

A bank source said Boeing, which has more than $60 billion in debt, was now in a "strong financial position." "Investors believe companies will recover and recover quickly," another source said.

During that time, Boeing cut 16,000 jobs. It may also cut two 787 assembly lines and move engineering centers to lower-cost states, the sources said.

Richard aboulafia, of the teal group, said: "for the last 10 years, Boeing has not launched a new product. This has happened only twice in corporate history. And in the next 10 years, there's no indication that it's going to release anything new."