Boeing says it’s donating $1 million to Trump presidential inaugural fund

(This Jan. 9 story has been corrected to take away a reference to the scale of American Airways (NASDAQ:AAL) donation in paragraph 4)

By David Shepardson

WASHINGTON (Reuters) – Boeing (NYSE:BA) is donating $1 million to U.S. President-elect Donald Trump’s inauguration, a spokesperson for the U.S. planemaker stated on Thursday.

Boeing is becoming a member of many main U.S. corporations together with Basic Motors (NYSE:GM), Ford (NYSE:F), Microsoft (NASDAQ:MSFT) and Meta (NASDAQ:META) in donating for the Jan. 20 occasion.

The planemaker beforehand donated $1 million to the final three presidential inaugurations, together with Trump’s first in 2017.

American Airways individually confirmed on Thursday it is usually donating to the inauguration, however declined to say how a lot.

In 2016, Trump extracted a promise from Boeing that the price of changing Air Power One wouldn’t exceed $4 billion, and the corporate has since misplaced greater than $2 billion on the considerably delayed program to ship two new presidential plane.

Boeing additionally faces persevering with more durable oversight by the Federal Aviation Administration, a 12 months after a door panel lacking 4 key bolts flew off a brand new Alaska Airways 737 MAX 9 in mid-air.

Trump’s nominee to move the Transportation Division, Sean Duffy, informed Reuters final month he wished to verify “we have now protected planes popping out of Boeing.” The FAA introduced a brand new audit of Boeing in October. The Senate Commerce Committee will maintain a affirmation listening to for Duffy on Wednesday.