Nikki Haley resigns from Boeing board over company’s request for coronavirus bailout

Former South Carolina Gov. and UN Ambassador Nikki Haley resigned from Boeing’s board of directors after the company requested a bailout during the coronavirus pandemic.

Haley criticized the company’s decision to ask the federal government for a stimulus or bailout in her resignation letter on Thursday.

“While I know cash is tight, that is equally true for numerous other industries and for millions of small businesses,” Haley wrote. “I cannot support a move to lean on the federal government for a stimulus or bailout that prioritizes our company over others and relies on taxpayers to guarantee our financial position.”

On Tuesday, Boeing requested $60 billion for the aerospace industry to be paid for by taxpayers and bank loans backed by government guarantees, the Seattle Times reported.

“This will be one of the most important ways for airlines, airports, suppliers and manufacturers to bridge to recovery,” Boeing said in a statement.

Boeing said the company would use most of the funding to pay suppliers in a statement.

This story was originally published March 19, 2020 at 6:46 PM.