“The concept of government equity in exchange for government funding has been around at least as long as the SBA and student loans. It works for some (GM) and not for others (Boeing).”
And that’s the bottom line. It’s unclear why so many seem to be insisting that Boeing should be required to take a loan on terms they find not right for them. It’s up to the business whether or not they want to take money as offered. Ford made the same sort of decision.