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Boeing suspends 787 airplane production
- Traster 7y agoThis pandemic is going to provide some great cover for some terrible executives.
- AnimalMuppet 7y agoWell... I'm not discounting the terribleness of Boeing execs, especially in the 737 MAX fiasco and the decisions that led to it. But even with perfect execs, they'd still be in trouble. Airlines aren't flying anybody. So who's going to buy new planes right now? Could a better exec have changed that? No. But it's definitely true that the company would be in better shape to face this problem if they had been shipping 737 MAXes for the last year...
- LifeLiverTransp 7y agoThere will be a completely new tourism industry if this goes on. Quarantine unit sized tourism. You are transported all transported to the airport, sealed into a box, shipped to your location, unpack into a new quarantine location. Spend a week there, pack yourself back into the box, and get delivered back home.
- oldgradstudent 7y agoAnd if they had maintained proper cash reserves instead of spending it on stock repurchases.
- cjbenedikt 7y agoSpot on!
- pplante 7y agoBut then how else would those same executives be able to manipulate the share price so quickly? It isn't realistic to expect them to think long term when the system allows and incentivizes them to think short term.
- credit_guy 7y agoVery misleading title. Boeing is simply complying with the stay-at-home order in South Carolina, where they are building the 787. When Tesla was deemed "essential" and continued building cars, people lamented. Now Boeing is doing the right thing and stops building airplanes, which are clearly non-essential.