The Coming Boeing Bailout?
mattstoller.substack.com
The Coming Boeing Bailout?
1–10 of 189 posts
Re: The Coming Boeing Bailout?
#2I don't think things are going that badly for Boeing. There are only two aircraft producers and Airbus is at full capacity. The airline industry is still growing. You would actually have to try really hard to fuck this up.
It would be amusing if the US government gives them money though. European alleged subsidy of Airbus is the latest accusation of Trump and one of the causes of the US-EU trade war.
Re: The Coming Boeing Bailout?
#3I don't think things are going that badly for Boeing. There are only two aircraft producers and Airbus is at full capacity. The airline industry is still growing. You would actually have to try really hard to fuck this up. It would be amusing if the US government gives them money though. European alleged subsidy of Airbus is the latest accusation of Trump and one of the causes of the US-EU trade war.
At how many provoked deaths does "badly" begin in your (quote) thinking?
Re: The Coming Boeing Bailout?
#4I don't think things are going that badly for Boeing. There are only two aircraft producers and Airbus is at full capacity. The airline industry is still growing. You would actually have to try really hard to fuck this up. It would be amusing if the US government gives them money though. European alleged subsidy of Airbus is the latest accusation of Trump and one of the causes of the US-EU trade war.
> You would actually have to try really hard to fuck this up.
Murdering 350 civilians with lies and negligence for profit and "shareholder value" just might suffice.
They put a plane into the air that flies itself automatically into the ground after all, with no opportunity for the pilots to save the plane. You can't fuck up more.
> It would be amusing if the US government gives them money though.
The US is already giving them money, indirectly. The EU is just also giving Airbus money. That's the core of the issue of Trumps position and why the conflict can't be easily solved.
Re: The Coming Boeing Bailout?
#5I don't think things are going that badly for Boeing. There are only two aircraft producers and Airbus is at full capacity. The airline industry is still growing. You would actually have to try really hard to fuck this up. It would be amusing if the US government gives them money though. European alleged subsidy of Airbus is the latest accusation of Trump and one of the causes of the US-EU trade war.
I am not so sure. Not only Boeing but also FAA have come under close scrutiny. And if the OP is right, there will be more accidents involving poor design decisions. After that, the public will shy away at least from flying newer Boeing models. Even a bailout could leave Boeing with only the military arm as nobody wants to fly with their civilian planes.
Re: The Coming Boeing Bailout?
#6How much more support does Boeing need? [1] Maybe the should start considering stop cutting so many corners.
[1] https://www.theguardian.com/business/2019/jul/02/donald-trum...
Re: The Coming Boeing Bailout?
#7While Boeing clearly participates in a duopoly... cash flow may necessitate a bailout. Cash on hand is going to get hammered by penalties for out of service planes and lost revenues due to the inability to deliver new planes.
Outside of that, it will be interesting to see how endemic the issues were. Here is hoping that this was an isolated incident.
The nightmare scenario would be multiple models suffering from a wide range of issues. Even though there haven’t been crashes, the optics and responses would be complicated.
If investigations or whistleblowers uncover other issues in other models it could fall apart very quickly. This would crush the economy with travel and shipping grinding to a halt. A bailout of Boeing would be the least of our worries...
Re: The Coming Boeing Bailout?
#8I don't think things are going that badly for Boeing. There are only two aircraft producers and Airbus is at full capacity. The airline industry is still growing. You would actually have to try really hard to fuck this up. It would be amusing if the US government gives them money though. European alleged subsidy of Airbus is the latest accusation of Trump and one of the causes of the US-EU trade war.
[deleted]
Re: The Coming Boeing Bailout?
#9Boeing and the US government recently killed the Canadian aviation industry by putting on 300% duties on our main manufacturer because of a government bailout it received. See:
https://www.theglobeandmail.com/report-on-business/us-issues...
As a result Bombardier, Canadian's only large aviation manufacturer, was sold to AirBus:
https://www.theglobeandmail.com/report-on-business/bombardie...
The cause was a Canadian province (equivalent to a US state) did a $1B equity investment in Bombardier in order to help it survive a tough spot -- a bailout. Thus 300% duties were imposed on the company as a result, thus killing any potential plane sales to the US.
But if the US government bails out Boeing, should countries around the world also impose business destroying duties of 300% on Boeing because of the unfair government support? Or do business destroying duties of 300% only get imposed on the aviation industries of smaller countries who do not have as much clout?
Re: The Coming Boeing Bailout?
#10How did Boeing make miracles in civilian aircraft? In short, the the civilian engineers were in charge. And it fell apart because the company, due to a merger, killed its engineering-first culture
Uhm, this makes me think about the engineering-first of Google. I wonder if Google will end in the same path...