Boeing spins off venture capital arm to trim costs
Plane maker formed HorizonX in 2017 to invest in early-stage companies
or those with transformative aerospace technologies
https://www.thenationalnews.com/business/aviation/2021/08/06/boeing-spins-off-venture-capital-arm-to-trim-costs/
The Chicago-based plane maker dissolved an internal investing unit,
known as NeXt, last autumn as it pared spending and retreated from several
ambitious forays launched late last decade before the 737 Max grounding and
coronavirus pandemic along with a multitude of other Boeing debacles that
drained more than $52 billion in cash.
Adding To That
Boeing Crashes: $43 Billion in Share Buybacks Turn into Existential Threat
https://wolfstreet.com/2020/03/11/boeing-crashes-as-43-billion-in-past-share-buybacks-turn-into-existential-threat/
Boeing’s total revere of fortune under current management is 95 billion dollars
In another example of incompetence, negligence, arrogance and pettiness
Boeing Management gave Airbus the deal of a lifetime.
How Airbus Spent Just One Dollar To Replace Boeing
As The Worlds Largest Aircraft Maker In The World
#MaximusAviation
https://youtu.be/77rsE-tBYgQ
This is the true story of how Airbus bought the A220 program for literally
just one Canadian dollar and in the process dethroned Boeing claiming
the number one spot as the world's largest plane maker.
Boeing Management Is The Disaster: Boeing Management Is The Debacle: