5 ms·

I wonder what their management team was thinking.. "We're going to make so much money by not having to retrain pilots for this new plane!" Reality: Hundreds of

by speeq 8y ago

I wonder what their management team was thinking.. "We're going to make so much money by not having to retrain pilots for this new plane!" Reality: Hundreds of people die within months. Boeing is now worth $25 billion less in market cap and the planes are grounded worldwide.

mikejb 8y ago
Decisions like this probably worked out for them a lot in the past, so this one just seemed like another genius money-saving move. Until shit started to hit the fan, that is.
kodz4 8y ago
Reality is also that the rest of the world tested and bought the planes. In the hundreds. There is too much media BS about this stuff. If Boeing says its going to take 10 years to fix, what is anyone capable of doing about it? I can say for example, that tomorrow Airbus is going to get broken up and turned into a mess because of Brexit, and everyone from the President of France to the Airbus leadership can be blamed for it. Reality is anyone can blame whatever they feel like these days. Anything surrounding blame can be safely ignored. Look for the people talking about the solutions.
- andromedavision 8y ago
  .
  - kodz4 8y ago
    Are you saying blame is the answer?
    - ThalesX 8y ago
      Are you saying blame does not play a part in identifying the problem and finding a solution?
      - kodz4 8y ago
        Yes. Who you find to blame doesn't fix the problem, does it? After you find said individuals, someone has to still fix the problem. And in my experience you always need the help or information from said individuals to do so. CHOOSING to focus on blame, only produces attacks, defensiveness and avoidance from whom ever you are blaming, when they can be contributing to the fix. Reaching the solutions get pushed further down the road. Whenever a crisis unfolds you want the people who created it in the room contributing info, thinking about solutions, rather than focusing on how to save their asses and hiding what they did. Current culture puts too much emphasis on passing judgements and blaming people. What outcomes are being produced speak for themselves when that route is choosen.
dingaling 8y ago
> Boeing is now worth $25 billion less in market cap The 737 Max order backlog ( just over 5,000 aircraft ) has a list-price value of about $600 billion. Even if we assume 50% discounts that's still a lot of revenue.
- deleted 8y ago
  [deleted]
- dymk 8y ago
  Doesn't mean much if the planes will never be allowed to fly again (or without costly retrofitting once they figure out what needs to change).
- duado 8y ago
  Revenue doesn’t really matter, it’s profit that matters. They can’t discount 50% because they couldn’t even make the planes for that.
A2017U1 8y ago
From the article: > Lion Air 610 should never have been allowed to get airborne on October 29, a conclusion shared by those familiar with the inquiry. The plane simply wasn’t airworthy. Get the feeling there will be a large amount of cognitive dissonance on HN once the final report is released.
duado 8y ago
Reality: they were exactly right, because “we” isn’t Boeing, “we” is James McNerney, former CEO of Boeing. Between when the 737 MAX 8 entered production, and he retired as CEO, he was paid $80 million. You think he has to deal with any of these problems with the dead people and the grounded aircraft?
- acqq 8y ago
  Even more impressive reality: Less than three years ago Boeing's stock was worth around 130 USD. Friday it was still 370 USD, almost 3 times more than that. Less than three years ago its market capitalization was around 80 billion. Now (even after the grounding of 737 MAX) it's still around 240 billion. What happened in the last less than three years? At least, the first 737 MAX planes were delivered around two years ago. Apparently Boeing had (before the crash) a backlog of 5000 orders for 737 MAX planes, worth 490 billion. On Boeing's own site: https://www.boeing.com/commercial/market/commercial-market-outlook/ https://www.boeing.com/commercial/market/commercial-market-o... "Commercial Market Outlook 2018-2037" "Robust demand is expected the next 20 years as strong economic growth, growing middle classes, increasing consumer spending on services, and evolving airline business models bring more value to passengers and support the long-term outlook. As a result, the industry will require more than 42,000 new airplanes by 2037 with almost 74% in the single-aisle category." Looking at all that it's even more obvious why there was such a reluctance to ground the 737 MAX in the US.
- speeq 8y ago
  No, but thousands of friends and family members of those who lost their lives have to deal with that problem.

by speeq 8y ago

mikejb 8y ago

Decisions like this probably worked out for them a lot in the past, so this one just seemed like another genius money-saving move. Until shit started to hit the fan, that is.

kodz4 8y ago

Reality is also that the rest of the world tested and bought the planes. In the hundreds. There is too much media BS about this stuff. If Boeing says its going to take 10 years to fix, what is anyone capable of doing about it? I can say for example, that tomorrow Airbus is going to get broken up and turned into a mess because of Brexit, and everyone from the President of France to the Airbus leadership can be blamed for it. Reality is anyone can blame whatever they feel like these days. Anything surrounding blame can be safely ignored. Look for the people talking about the solutions.

andromedavision 8y ago
.
- kodz4 8y ago
  Are you saying blame is the answer?
  - ThalesX 8y ago
    Are you saying blame does not play a part in identifying the problem and finding a solution?
    - kodz4 8y ago
      Yes. Who you find to blame doesn't fix the problem, does it? After you find said individuals, someone has to still fix the problem. And in my experience you always need the help or information from said individuals to do so. CHOOSING to focus on blame, only produces attacks, defensiveness and avoidance from whom ever you are blaming, when they can be contributing to the fix. Reaching the solutions get pushed further down the road. Whenever a crisis unfolds you want the people who created it in the room contributing info, thinking about solutions, rather than focusing on how to save their asses and hiding what they did. Current culture puts too much emphasis on passing judgements and blaming people. What outcomes are being produced speak for themselves when that route is choosen.

dingaling 8y ago

> Boeing is now worth $25 billion less in market cap The 737 Max order backlog ( just over 5,000 aircraft ) has a list-price value of about $600 billion. Even if we assume 50% discounts that's still a lot of revenue.

deleted 8y ago
[deleted]
dymk 8y ago
Doesn't mean much if the planes will never be allowed to fly again (or without costly retrofitting once they figure out what needs to change).
duado 8y ago
Revenue doesn’t really matter, it’s profit that matters. They can’t discount 50% because they couldn’t even make the planes for that.

A2017U1 8y ago

From the article: > Lion Air 610 should never have been allowed to get airborne on October 29, a conclusion shared by those familiar with the inquiry. The plane simply wasn’t airworthy. Get the feeling there will be a large amount of cognitive dissonance on HN once the final report is released.

duado 8y ago

Reality: they were exactly right, because “we” isn’t Boeing, “we” is James McNerney, former CEO of Boeing. Between when the 737 MAX 8 entered production, and he retired as CEO, he was paid $80 million. You think he has to deal with any of these problems with the dead people and the grounded aircraft?

acqq 8y ago
Even more impressive reality: Less than three years ago Boeing's stock was worth around 130 USD. Friday it was still 370 USD, almost 3 times more than that. Less than three years ago its market capitalization was around 80 billion. Now (even after the grounding of 737 MAX) it's still around 240 billion. What happened in the last less than three years? At least, the first 737 MAX planes were delivered around two years ago. Apparently Boeing had (before the crash) a backlog of 5000 orders for 737 MAX planes, worth 490 billion. On Boeing's own site: https://www.boeing.com/commercial/market/commercial-market-outlook/ https://www.boeing.com/commercial/market/commercial-market-o... "Commercial Market Outlook 2018-2037" "Robust demand is expected the next 20 years as strong economic growth, growing middle classes, increasing consumer spending on services, and evolving airline business models bring more value to passengers and support the long-term outlook. As a result, the industry will require more than 42,000 new airplanes by 2037 with almost 74% in the single-aisle category." Looking at all that it's even more obvious why there was such a reluctance to ground the 737 MAX in the US.
speeq 8y ago
No, but thousands of friends and family members of those who lost their lives have to deal with that problem.