The Boeing logo is pictured at its Renton Factory, where the Boeing 737 MAX airliners are built in Renton, Washington on April 20, 2020.
JASON REDMOND | AFP via Getty Images
Boeing on Thursday said it doesn’t plan to seek federal aid after raising a whopping $25 billion in a bond offering, the company’s biggest debt sale ever, as it faces what it expects to be a multi-year slump in air travel because of the coronavirus pandemic.
“As a result of the response, and pending the closure of this transaction expected Monday, May 4, we do not plan to seek additional funding through the capital markets or the U.S. government options at this time,” it said in a statement.
The $2.2 billion in federal coronavirus relief Congress approved last month set aside $17 billion in federal loans for companies considered of national security interest, a bill Boeing…