Earlier quoted context omitted.
> We have seen what Boeing has become when it's effectively unregulated. I think this is vastly overstated by the media. Boeing is still heavily regulated and has a pretty good safety record compared 20 or 30 years prior. The biggest disaster of recent times (MCAS) was because of the tight regulations around type certification and trying to avoid costs to carriers > Some things need to be regulated, esp. if mistakes…
> The biggest disaster of recent times (MCAS) was because of the tight regulations around type certification and trying to avoid costs to carriers Meaning they tried to skirt around the regulations, including regulatory capture by pushing self-certification because competition caught up to them while they spent money on buybacks instead of investing in R&D, perhaps even investing in absorbing some costs of certificat…
It became a private equity managed business without ever being bought by private equity.