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Boeing Halted from Further Max Production Increases by FAA
- jtc331 3y agohttps://archive.is/0icMA https://archive.is/0icMA
- dheera 3y ago> CEO Calhoun to address investors in Jan. 31 earnings call Of course, the short-sighted investors will drive the stock price down, and Boeing will cut more corners in other plane models, instead of driving the stock price up to fund safety efforts. The entire world relies on Boeing and Airbus, if they shut down the world's economy will grind to a halt, FedEx/UPS/USPS/DHL will stop functioning, executives can't travel, emergency medical care will cease to exist, families will be isolated, and tourism will die. Their budgets for safety efforts and R&D for the transportation of ALL of the above and trillions of dollars worth of global economy should NOT be at the mercy of some armchair hooligans on Wall Street.
- cddotdotslash 3y agoIs this comment tongue-in-cheek? We all know any increases in the stock price are certainly not going to fund "safety efforts" unless "safety efforts" has become a euphemism for "executive bonuses."
- denkmoon 3y agoYou know there are other aircraft manufacturers right? Embraer, Bombardier, Mitsubishi etc. Sure they can't just spin up a fully working airliner production line tomorrow, but Boeing going away isn't an apocalypse level event.
- dheera 3y agoOK so maybe we should collectively agree as a species to bid up the stocks of these companies before bidding down the stocks of Boeing so that they have time to ramp up production.
- dylan604 3y agoHow many of those other vendors named are US companies? I'm sympathetic to the idea of attempting to keep US capabilities in this field a viable option. Sadly, those efforts were bamboozled to look like a boondoggle instead of actual strategic value.
- denkmoon 3y agoNot being a US citizen, I don't have much sympathy. If the US degrades its strategic military capability by playing capitalist race-to-the-bottom sillybuggers, that's their lookout.
- CaptainZapp 3y ago> Embraer, Bombardier, Mitsubishi Except for Embraer, which has a foothold in the regional jet market, none is relevant. Mitsubishi is not able to bring a regional jet to fruition and Bombardier (which designed an excellent plane) is now Airbus (the A220 series).
- denkmoon 3y agoGiven a gap in the market I don't see why Mitsubishi or Bombardier couldn't fill that gap. Bombardier only sold their airliner capability due to Boeing/US trade fuckery. Mitsubishi can make fighter jets, rockets and warships so I don't see why an airliner is such a stretch. Again, sure they don't have that capability today, but GP seems to think if Boeing goes away we'd be doomed.
- gmerc 3y agoClearly the solution is to split them up into working market competition again rather than creating a single point of failure in the US economy. It’s worse than the too big to fail banks at this point. At minimum we need to align in incentives. CEOs and Boards held accountable, with their personals assets and in case of system issues jail
- Gow8876 3y agoUnfortunately, Boeing gone today won't make muchbissue other than a blip of inconvenience for maybe 3-5 years. Airbus will easily pick up the slack. What scares the western world is Russia and especially China will flourish. Take EVs, we all praise Tesla and mock slowmo Toyota, meanwhile BYD just overtook Tesla in Dec 2023 making Tesla on path to be Solyndra for Biden. I already put money to China aviation industry stocks for the long haul.
- dylan604 3y agoI wonder what happened at the FAA to make them not so scared of their own shadow? Has the public been voicing their concerns to elected officials that someone feels pressure? Is someone at the FAA looking at the future and realizing they can make a name for themselves? Did someone at Boeing have an affair with an FAA official's spouse? Like really, as feckless as the FAA has been with regard to Boeing, why now?
- emeraldd 3y agoMy guess: people died, then people almost died. The repetition of different problems in the same line of aircraft probably had something to do with it too ...
- dylan604 3y agoso at 300+ deaths of primarily non-US citizens we just get to concerned, but then the near death of primarily US citizens it moved to action required? the idea that the FAA allowed Boeing to self certify happened well before that happened and is a very large contributing factor for it occurring. based on time frames, the assumption would be that the FAA leadership has changed, but i'm not well versed in how often that changes. some research and rabbit holes looks in my future
- hasty_pudding 3y agoWhy is it the US responsibility for stopping the flight of planes in other countries?
- dylan604 3y agoassumption that a lot of other countries look at the FAA as the lead on which to follow. several other countries operate with much less restrictions than those the FAA mandates, but if the FAA grounds a model of plane, everyone else will take notice. other countries are free to ground planes as they see fit and do not need to wait for the FAA. but i'm guessing there's real politik involved. also why FAA? they are the ones that approved Boeing self certifying, so they have a lot of water to carry here.
- deleted 3y ago[deleted]
- cryptoBros2023 3y agoClawback the CEO bonus