Boeing CFO says aerospace industry needs credit urgently, markets closed to new debt
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SEATTLE/WASHINGTON/PARIS (Reuters) - Boeing Co's chief financial officer said on Tuesday the U.S. aerospace industry urgently needs credit to cope with the coronavirus pandemic but "markets essentially are closed" to new debt.Greg Smith also stressed the strategic value of a $4.2 billion (3.6 billion pounds) deal to acquire the commercial planemaking arm of Embraer , driving up shares in the Brazilian group.The comments on credit in an interview with Reuters appeared to underscore the U.S...