‘Single biggest shock’: Airlines, airports battle coronavirus cash crunch

As Boeing and other U.S. aviation companies angle for billions in assistance, airlines and airport operators globally are suspending dividends, selling airplanes and flying cargo on passenger jets amid plunging demand caused by the pandemic.

Boeing Co confirmed it is in talks with senior White House officials and congressional leaders about short-term assistance for the entire U.S. aviation sector, including suppliers, airlines and airports. U.S. airlines and cargo carriers have said they are seeking at least $58 billion in loans and grants along with additional tax changes, while airports have sought $10 billion. European airlines have also stepped up calls for emergency government aid.