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Boeing states it is contributing $1 million to Trump presidential inaugural fund

Boeing is contributing $ 1 million to U.S. Presidentelect Donald Trump's inauguration, a representative for the U.S. planemaker stated on Thursday.

Boeing is signing up with numerous major U.S. business including General Motors, Ford, Microsoft and Meta in donating for the Jan. 20 event.

The planemaker previously contributed $1 million to the last three governmental inaugurations, consisting of Trump's very first in 2017.

American Airlines separately confirmed on Thursday it is also contributing $1 million.

In 2016, Trump extracted a pledge from Boeing that the expense of replacing Flying force One would not exceed $4 billion, and the company has actually because lost more than $2 billion on the significantly postponed program to deliver two brand-new presidential aircraft.

Boeing likewise deals with continuing harder oversight by the Federal Air Travel Administration, a year after a door panel missing 4 key bolts flew off a new Alaska Airlines 737 MAX 9 in mid-air.

Trump's candidate to head the Transport Department, Sean Duffy, told Reuters last month he wanted to make certain we. have safe airplanes coming out of Boeing. The FAA announced a brand-new. audit of Boeing in October. The Senate Commerce Committee will. hold a confirmation hearing for Duffy on Wednesday.

(source: Reuters)