More Boeing Bad News

[PHXPhlyer]

BBC's Article

https://www.bbc.com/news/business-50893490

PP

[Boac]

"The board of directors decided that a change in leadership was necessary to restore confidence in the company moving forward as it works to repair relationships with regulators, customers, and all other stakeholders," Boeing's statement said."

Yup - fired

[G-CPTN]

It'll take more than one change of personnel to rectify the mess that Boeing have created for themselves (and others).

[OFSO]

Numbers: Mullenberg was paid $49 million 2017 and $23.4 million in 2018. Boeing estimate the 737Max affair will cost $10 billion but outsiders say it will be far more. Currently Boeing is losing $1 billion a month. (Today's "Times").

[Pontius Navigator]

Too big to fail?

[Fox3WheresMyBanana]

Some say so because it has the military division, and is a very large employer.
On the other hand, it could just have the various divisions sold off during bankruptcy, and they could start right up next day. It's not quite as simple as that, but there's no reason the manufacturing should close. Maybe the MAX won't fly again, but with the losses gone in the bankruptcy they could just press on with the other aircraft.
One further reason for TBTF is the dominance of Boeing in the stock markets. A collapse in Boeing's stock price could have serious knock-on effects for everyone invested in them, e.g. pension funds.

However, the fundamental problem with Boeing now, and a host of other companies, is that stupid, short-sighted and in Boeing's case lethally dangerous decisions have been made by accountants to boost dividends, which the investors have been clamouring for. In simple terms, it's their own damn fault. Morally, the investors should pay the price. What Boeing have been doing defeats the concept of Blue Chip shares - they are supposed to be more cautious but have increased security. Boeing went for maxi-profit by risking its security. If Boeing gets bailed out, it shows that the idea of Blue Chips is worthless, and re-emphasises that the stock market is just a gambling den with funds provided by the taxpayer. What's more, it's a gambling den where the taxpayers also die, a bit like the Russian Roulette scene in 'The Deer Hunter'.

[Ibbie]

Perhaps they should investigate the cost of converting all the parked up 737max to the last version that works, the 737NG and offering them heavily discounted to their customers. Otherwise to the canning or razor blade industries for chopping.

To have continued building the MAX has been pure folly.

[Fox3WheresMyBanana]

That would make sense if the MAX doesn't get recertified worldwide. I think the MCAS is perfectly fixable. Whether that's the only problem is another question (others have mentioned the manual trimming).

[ian16th]

They could fit thinner engines, and mount them in the correct place!

[Fox3WheresMyBanana]

Ian, you are being sensible again. You asked me to tell you when you are doing that. People don't like it

[Pontius Navigator]

I think second buyers of shares are pure gamblers with dividends from companies but no money actually going to the company. I benefit from the dividend but have no input to the company.

[ian16th]

When Boeing were doing the re-hash re-design to meet the Airbus competition, and someone said, 'We need the big fat engine.'

Instead of going mad to fit the big fat engine, someone should have said; 'There must be a better/easier way.'

They have now dug a very deep hole, and are sitting in it.

[Fox3WheresMyBanana]

I'm sure someone did.
However, their new CEO was the first one without an engineering background (bloody shampoo salesman, FCOL), and he would have said something like "There isn't a cheaper way. End of."

[Pontius Navigator]

Might have been cheaper to dig two grooves in all the runways

[ian16th]

Might have been cheaper to dig two grooves in all the runways

Would need a 3rd one for the nose wheel, this to line up the fat donks with your 2 grooves!

[ian16th]

We shouldn't mock the afflicted.

We should move these comments to one of the 'Jokes' treads.

[llondel]

When Boeing were doing the re-hash re-design to meet the Airbus competition, and someone said, 'We need the big fat engine.'

Instead of going mad to fit the big fat engine, someone should have said; 'There must be a better/easier way.'

They have now dug a very deep hole, and are sitting in it.

The easier way has already been mentioned, take a 757 and upgrade that.

[ian16th]

When Boeing were doing the re-hash re-design to meet the Airbus competition, and someone said, 'We need the big fat engine.'

Instead of going mad to fit the big fat engine, someone should have said; 'There must be a better/easier way.'

They have now dug a very deep hole, and are sitting in it.

The easier way has already been mentioned, take a 757 and upgrade that.

But 737 drivers would need training, and training costs money?

[PHXPhlyer]

Muilenburg's Failings

https://edition.cnn.com/2019/12/24/busi ... index.html

PP

[Fox3WheresMyBanana]

I would be more succinct.
They though they could get out of this the same way they got into it; cheap cosmetic fixes, BS the media, and pressure the FAA behind the scenes.
And that's what the new head of the FAA has basically said.
Why posit a complex sequence when 'they haven't changed' is a perfect explanation?
Muilenburg's the fall guy, but the whole board is as guilty as a puppy next to a pile of poo.