Boeing chief executive David Calhoun on Tuesday suggested that the aircraft manufacturer would not accept federal aid as part of a pending economic rescue bill if it meant giving the Treasury Department a stake in the company.

Calhoun said in an interview with Fox Business Network that it’s “not ideal” for Boeing to surrender equity to the federal government and “if they force it, we just look at all the other options, and we’ve got plenty of them.”

Boeing is requesting $60 billion in federal loans from a $500 billion corporate assistance program created in the Senate’s $2 trillion economic stimulus bill. The bill, which is still being negotiated, also allows the Treasury secretary to take a stake in bailed-out corporations, as the government did to major banks who received federal rescue funds in 2008.

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The aerospace giant is facing financial peril because of a severe decline in earnings from the near-total cancellation of international air travel and the lingering costs of grounding the 737 Max commercial airplane.

“It’s not ideal if we don’t have it, but if they attach too many things to it, of course you take a different course,” Calhoun said, referring to the stimulus loans.

“I want them to support the credit markets, provide liquidity, allow us to borrow against our future, which we all believe in very strongly and I think our creditors will, too. It’s really that simple," he added.

Calhoun’s comments come one day after Treasury Secretary Steven Mnuchin Steven Terner MnuchinLawmakers fear voter backlash over failure to reach COVID-19 relief deal United Airlines, unions call for six-month extension of government aid House Democrats plan to unveil bill next week to avert shutdown MORE said he would consider taking equity stakes in companies who receive loans through the stimulus bill.

“We will be doing things on market terms. And if we determine that market terms include equity, we have the ability to do that. So the president has made very clear, if the taxpayers are putting money at risk, they should be properly compensated,” Mnuchin said on Fox Business Network on Monday.

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Mnuchin and Senate Minority Leader Charles Schumer Chuck SchumerRepublican senator says plans to confirm justice before election 'completely consistent with the precedent' Video of Lindsey Graham arguing against nominating a Supreme Court justice in an election year goes viral Graham signals support for confirming a Supreme Court nominee this year MORE (D-N.Y.) spent Tuesday negotiating a deal to clear the $2 trillion stimulus bill after days of heated talks and flaring tempers between Republicans and Democrats. Both sides said late Monday that a deal was imminent.

The stimulus plan would also need to pass the House, where the Democratic majority has already released it own $2.5 trillion economic rescue bill.