Don’t bail out Boeing

Published March 26, 2020 2:21pm ET



The coronavirus rescue bill includes $450 billion in loans and loan guarantees for any and all businesses suffering from the coronavirus and the accompanying shutdowns. This is right and just because it could reduce the number of unemployed people and provide some restitution to businesses harmed by government-imposed shutdowns of commerce.

The bill also earmarks $25 billion in loans and loan guarantees for “passenger air carriers.” Airlines have been incredibly harmed by this unpredictable event, and their operations disrupted by government restrictions on travel. So government aid to make up for this is sensible.

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