6 ms·

This is huge. It confirms basically everything I've read over the past year on the topic (mainly on hn). Culture of concealment, production pressure, self-over

• nrb 7y ago
  > Edit: BA stock down 1.27% in after-hours trade. I guess the market has decided that this behaviour is fine. Like you said, this basically confirms everything we already knew. So it stands to reason that the stock is already priced accordingly and a large drop wouldn’t be expected. It’s already down about 35-40% since the crashes.
  • Scipio_Afri 7y ago
    Right but until regulators or congress acts on a plan moving forward with BA, the stock will continue to slide based on the time out of the market not selling this aircraft. There is still uncertainty over how long until they’re able to sell this aircraft again, if at all, and if so to what extent they need to retrofit. So costs to retrofit, time before they get revenue in and the profit or lack there of from this product. Also, seems doubtful but possibly additional issues may still be found with this aircraft design as it is. Possibly though retrofits aren’t found to fully solve these problems or themselves create other issues.
  • nrki 7y ago
    I posit that we should account for their stock price before the employees of Boeing embarked on the road of corruption, fraud and manslaughter. i.e.: before their profits, especially due to sales of the MAX, are taken into account. I guess the markets have a short memory as long as you only kill people instead of simply losing people's money.
• pjc50 7y ago
  Boeing is too nationalist to fail; there is no way the US government will allow itself to be without a civilian airliner builder and have to buy planes from Airbus or Embraer. Plus they'd take with them the absorbed remains of McDonnell Douglas.
  • jammmety 7y ago
    Boeing are poised to acquire Embraer: https://www.reuters.com/article/us-embraer-m-a-boeing/boeing-to-take-over-4-75-billion-embraer-unit-targeting-airbus-bombardier-idUSKBN1JV1D2 https://www.reuters.com/article/us-embraer-m-a-boeing/boeing...
    • iso947 7y ago
      Wasn’t the a ton of whining from the US when airbus bought bombardier?
      • DuskStar 7y ago
        Yes, there was - but now that Airbus has small planes, Boeing's lineup "needs" to expand to match, and buying a smaller manufacturer is the easiest way to do that.
    • cmurf 7y ago
      It should be disallowed. It's more anti-competitive conglomeration, and risks the contagion of corruption.
      • Anarch157a 7y ago
        Don't expect it to blocked under our current president. Bolsonaro is basically a Bazilian Trump.
  • rossdavidh 7y ago
    While Boeing may be too important to the U.S. for the U.S. government to let it fail, it will need to resume sales in places like Canada, the E.U., Japan, etc. etc. I think it is safe to say that their overseas sales are in jeapardy. Almost half of Boeing's sales are non-U.S.: https://www.statista.com/statistics/680130/revenue-of-boeing-globally-by-region/ https://www.statista.com/statistics/680130/revenue-of-boeing... Note that this is FY2019, after losing 737MAX sales. If they are without a direct competitor to the Airbus A320 for years, it will be a big hit, not least because several Boeing-only airlines will be forced to start buying Airbus.
• xfitm3 7y ago
  > Culture of concealment, production pressure, self-oversight, conflicts of interest, faulty assumptions Funny - these same attributes are prevalent at my employer. But all we do is make software.
  • s0rce 7y ago
    Hopefully not software for airplanes
• dboreham 7y ago
  In my experience it can take the "experts" on Wall St some time to realize that some obvious fact is true. E.g. the recent drops due to coronavirus happened two days after anyone reading HN knew that it was bound to happen.
  • tedeh 7y ago
    Uhm, can you post links to those articles/discussions on HN? I'm genuinely curious.
• cheeze 7y ago
  Maybe I'm dumb but if this came out today, and today is Saturday, wouldn't the market not be trading at all?