Boeing - more problems

A new problem has been found during the production of 737 Max jets that will force Boeing to rework about 50 planes that have not yet been delivered.

Boeing may delay more 737 Max deliveries after incorrectly drilled holes found

Emirates Airlines boss says manufacturer ‘in last chance saloon’ as supplier Spirit AeroSystems finds new production glitch

Someone’s told me that with this site you can pick your plane

I’d not get onto a Boeing at the moment.

How are they still in business?

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Boeing is a great American corporation. Excellent track record. Human error happens.

We need to avoid Coke, PM, coal miners, XOM, and others…

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Investors are working to keep them in business. Can you imagine a world where its Airbus followed by planes from Russia and China?

More likely customers are keeping them in business. Namely, airlines, who might not want the limited choice you give above. Go back at look at Harley Davidson, whose customer base at one point literally kept the company alive during a period of truly horrible quality. Read “Well Made in America”, a truly great book of a turn-around story. Maybe Boeing executives need to read that book.

Probably both investors and customers want to keep them in business and hope they get their act together. Boeing borrowed heavily to keep making planes when they could not be sold. Workers had to be paid, materials paid for. To shut down would lose experienced labor. Investors are on the hook for big debts.

Customers cannot easily change suppliers. Long wait list already. Large investment in training, know how, tools, parts etc. To change is a big deal. Not likely unless you have multiple suppliers.

What’s wrong with planes from China?
They build good stuff.

Well, really, global markets do eventually resolve down to one or two players. I’m an old phart. I remember Vickers VC-10s, Convair 990s, BAC-111s, Sud-Est Caravelles, Hawker-Siddeley Tridents, Fokker Fellowships, de Havilland Comets, Martin 404s. All the EU companies consolidated into subassembly contractors for Airbus. All the US companies ended rolled up into Boeing, and a handful of defense contractors suckling on the government t3at.

Outside of the US and EU, China and Russia are the only economies big enough, with the technical capability, to build a line of state of the art airliners.

Eye candy. Russian IL-62, 1960s vintage, similar in layout to a VC-10

Boeing does more business than Airbus.

Boeing will turn a profit this year.

When the 737 Max needed the software patch it was a huge extra expense. Engineers around the world were paid to work on that.

I would venture much of the labor cost already applies in these cases. Basically, watch what you are doing as an employee and more FAA oversight at every stage.

Boeing is a screaming buy right now.

I do not think it is a ten-bagger. But this decade going into 2034, 3 or 4 bagger in a well-allocated portfolio? Sure.

China is entering the market. The planes are not reviewed by the FAA. That may take up to a decade to begin to happen. The planes are for shorter hops in China. If the Russians want them as they might live their lives who cares? Not my idea of running an airline.

We need to talk about regulating colt arms. Something more obvious when it comes to safety.

Maybe, if you add in the gifts from DoD. Boeing lost leadership in commercial aircraft to Airbus several years ago.

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Boeing also makes satellites.

European countries often own the major airliner carriers.

I would say Boeing does more work for private commercial airline companies but the numbers would have to be tabulated. So I’d risk that.

Many non-European carriers are also state-owned. The EU may be cutting deals in a packaged form with those countries. It is not Boeing’s fault and it predates the topic of discussion here.

Export Boeing sales are subsidized by the US Export/Import bank. Boeing subcontracts to vendors in other countries to curry favor with foreign governments. Boeing is being outcompeted by Airbus.

https://www.exim.gov/news/exim-board-votes-renew-finance-facility-for-boeing-supporting-small-business-suppliers-across

https://www.reuters.com/business/aerospace-defense/us-export-import-bank-says-board-backs-811-mln-loan-guarantee-aid-boeing-sale-2022-06-17/

https://www.exim.gov/news/exim-approves-8325-million-financing-support-manufactured-commercial-aircraft-exports-turkish