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Boeing says it is donating $1 million to Trump presidential inaugural fund
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Boeing says it is donating $1 million to Trump presidential inaugural fund
Jan 9, 2025 4:46 PM

WASHINGTON, Jan 9 (Reuters) - Boeing ( BA ) is donating

$1 million to U.S. President-elect Donald Trump's inauguration,

a spokesperson for the U.S. planemaker said on Thursday.

Boeing ( BA ) is joining many major U.S. companies including

General Motors ( GM ), Ford, Microsoft ( MSFT ) and Meta

in donating for the Jan. 20 event.

The planemaker previously donated $1 million to the last

three presidential inaugurations, including Trump's first in

2017.

American Airlines ( AAL ) separately confirmed on Thursday

it is also donating $1 million.

In 2016, Trump extracted a promise from Boeing ( BA ) that the cost

of replacing Air Force One would not exceed $4 billion, and the

company has since lost more than $2 billion on the significantly

delayed program to deliver two new presidential aircraft.

Boeing ( BA ) also faces continuing tougher oversight by the

Federal Aviation Administration, a year after a door panel

missing four key bolts flew off a new Alaska Airlines

737 MAX 9 in mid-air.

Trump's nominee to head the Transportation Department,

Sean Duffy, told Reuters last month he wanted to make sure "we

have safe planes coming out of Boeing ( BA )." The FAA announced a new

audit of Boeing ( BA ) in October. The Senate Commerce Committee will

hold a confirmation hearing for Duffy on Wednesday.

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