Boeing’s new CEO, David Calhoun, is unlikely to solve these multifold problems. Having spent 26 years at General Electric, stripping aviation talent out and replacing real engineering with financial engineering, Calhoun eventually became a director at Boeing in 2009. In 2014, he joined the Blackstone Group, a private equity firm that, as Matt Stoller points out, “is a vector for financializing corporations” as well as being a company well-versed in creative accounting shenanigans that enable corporate entities like Boeing to mask their extensive cash flow problems. During his tenure as a Boeing board member, Calhoun has been a party to a series of decisions whereby financial machinations of the company’s managerial class have taken precedence over safety culture. Despite many years of affiliation to the aviation industry, then, Calhoun himself is merely another financial “Master of the Universe,” representative of a caste that specializes in outsourcing and stripping out talent, all the while championing practices such as dressing up the balance sheet in a manner that is legal, but has distorted the underlying profits position of the company. https://www.counterpunch.org/2020/01/13/118423/
20 replies (most recent on top)
https://www.reuters.com/article/us-europe-usa-aircraft-wto/seeking-to-avoid-eu-tariffs-washington-state-house-passes-bill-to-drop-boeing-tax-break-idUSKBN20Z0IW
Seeking to avoid EU tariffs, Washington state House passes bill to drop
Boeing tax break
At this point tariffs are the last of our problems.
One Idea is to Sacrifice a few members from the
Boeing Board of Misfit Miscreants
While Spitting Rum into a Lit Match
@1fbz+12kPCm1T
https://taskandpurpose.com/news/air-force-kc-46-tanker-shortage
‘There are profound problems with the system’
The Air Force's desperately-needed tanker replacement is still years away
The Boeing KC-46 Pegasus is intended to replace the aging KC-135 Stratotanker,
but a problem with the new plane’s design will prevent it from doing so until 2023
or 2024.
Why Can’t Boeing Get It Done
@wse+130PAxl2
@iav
https://www.forbes.com/sites/willhorton1/2020/02/28/after-787-order-ana-can-finalize-737-max-deal-to-further-lift-boeing/#3b05ae146b03
After 787 Order, ANA Can Further Lift Boeing By Finalizing 737 MAX Deal
All Nippon Airways’ order for up to 20 787s will help Boeing fill production gaps
it expected to be taken by Chinese airlines. After this financially important deal,
ANA can help Boeing by finalizing its order for 737 MAX aircraft. ANA’s intent
to place 20 firm MAX orders does not make the deal financially significant
compared to hundred-plus orders from other airlines, but Boeing and its Max
will gain credibility from a blue-chip customer like ANA pressing ahead.
IAG gave Boeing a boost last summer when it announced its intent to order
200 MAX aircraft.
Will Boeing Survive?
Yes they have an A up their sleeve.
https://www.youtube.com/watch?v=MnPsXMeaAEQ
I guess the union will blame the Board of Directors for this too. I'll bet they snuck out there and shoved rags in the fuel tanks.
https://leehamnews.com/2020/02/18/boeing-finds-debris-left-in-new-737-maxes-now-in-storage/
https://viewfromthewing.com/avatar-airlines-announces-letter-of-intent-to-buy-30-boeing-747s-raise-300-million-starting-this-week/
Avatar Airlines Announces Letter Of Intent To Buy 30 747s
Barry Michaels has been trying to start an airline for at least 28 years.
First under the name Family Airlines, and then Avatar Airlines, he’s had an
idea to fly Boeing 747s between leisure destinations.
{He went to prison for tax and securities fraud in connection with the venture.}
The DOT insisted at the time that he give up control of the project.
He’s kept trying, and kept failing, for three decades.
He’s even claimed no longer to be involved with the airline
(even as he represents himself as running it).
Last year he appointed someone else as CEO trying to gain traction.
However in his latest press release he’s back as CEO and he’s announcing:
That he’s provided a Letter of Intent to Boeing to buy 30 747-8 aircraft.
{Boeing isn’t even willing to claim this}
{Despite not recording a single aircraft order in January.}
Bright as a charismas day in Alaska > @nlz+13yzCa0m
@OP+13yzCa0m
Avatar Airlines is a CIA Shell Company.
@xyxd - It looks more like a fleet of AI Terminators
With the whole western world chipping in to build it
https://www.key.aero/article/boeing-completes-first-loyal-wingman-fuselage
Move to Australia for work?
Boeing Australia recently completed the major structural assembly
of its first Airpower Teaming System (ATS) prototype fuselage
Marking a major milestone in producing a Loyal Wingman platform.
The aircraft will be the first of three prototypes that will be developed
as part of the Advanced Development Program, in which Boeing has
partnered with the Royal Australian Air Force (RAAF).
The Australian aerospace industry will progress with production of the
First military aircraft to be developed in Australia for more than 50 years.”
@1nyi+130PAxl2
https://www.zerohedge.com/markets/max-brand-damaged-key-boeing-client-joins-trump-demanding-renaming-737-max
"The Max Brand Is Damaged":
Key Boeing Client Joins Trump In Demanding Renaming Of 737 Max
On Monday, Air Lease demanded Boeing drop the "damaged" label of
its MAX brand to avoid undermining the value of its 150 MAX jets,
Reported Reuters.
"We've asked Boeing to get rid of that word MAX.
I think that word MAX should go down in the history books as a bad name
for an aircraft," Steven Udvar-Hazy told the Airline Economics aviation finance
conference in Dublin. "The MAX brand is damaged, and there is really no reason
for it."
https://www.reuters.com/article/us-aviation-finance-boeing-brand/boeing-customer-air-lease-says-damaged-max-brand-should-be-dropped-idUSKBN1ZJ17F
"Before the MAX grounding, Boeing had expected to ramp up to 57 per month
by 2019. Boeing ability to issue airworthiness certificates and export certificates
of airworthiness One of the key bottlenecks for aircraft delivery is that Boeing
is no longer allowed to issue airworthiness certificates and export certificates of
Airworthiness for MAX aircraft.
The FAA will be the sole issuer of these certificates."
- Opinion
We were 10 years behind Airbus prior to these two failures
https://www.youtube.com/watch?v=_T5xhHzZjPQ
https://www.youtube.com/watch?v=a5P8CkVckmA
Boeing has not been able to inspire any confidence in its leadership and by
Extension any of its Products.
If MOM comes to market it will be rigorously tested and not by the Good Old Boys
At Lying Boeing; No more Jedi mind tricks for the Max or MOM the Next Model.
{IMHO} Boeing needs to forget about MOM and focus on a B321XLR with the
Ability to except the next generation of hi bypass engines while maintaining the
Pilot Centric Coc*pit. This is needed just to get back into the aviation game.
Boeing Has Already Lost Its Leadership In Aviation.
Boeing needs to be viable again not laughable. We were 17 years behind Airbus.
@ujb+12ZSyfkN @aqhb+12E9z0F2
Yes. But in 2030 not so much, Boeing's Civilian transport could merge with Airbus
to form an international conglomerate this would fit well with the Globalist Agenda
https://www.bnnbloomberg.ca/faa-s-assumptions-in-boeing-737-max-approval-faulted-by-experts-1.1375044
FAA's assumptions in Boeing 737 Max approval faulted by experts
- Bingo; spot on commentary, good reporting.
The only way Boeing can be made well again is to remove the board of directors
Replace the Board, with aerospace engineers and industry experts.
All of whom should hold a pilot’s license and be instrument rated.
At a minimum of a GA level {Required}. Then we could better trust their decisions
Greed and sickness
@11Ju83VT
@11GG4pt9-1oho
@11GG4pt9-zqc
@11ED9pML-afv
Hang in there youngster. Be smart with your $$ right now & come to work every day until they tell you not to.Some of us do feel bad for newer workers facing this c-ap, it affects us all. Be strong & keep doing a good job.
You are right. I don't know what I am talking about. I am relatively new here. As soon as I joined,all happened. a bit frustrated now.. Hope everything goes well soon..
this company and whole industry are rotten.. we are not worth to survive..
https://uk.reuters.com/article/uk-boeing-737-max-malaysia/malaysia-airlines-suspends-delivery-of-boeing-737-max-jets-due-in-2020-idUKKBN1ZE07G?rpc=401&
January 14, 2020 / 6:43 PM /
KUALA LUMPUR/SYDNEY (Reuters) - Malaysia Airlines said on Wednesday it has
suspended taking delivery of 25 MAX jets, citing the plane’s delayed return
to service. The decision represents another setback for Boeing, which on Tuesday
reported its worst annual net orders in decades, along with its lowest number of
plane deliveries in 11 years, as the grounding of the 737 MAX saw it fall far
behind Airbus / Read the article / Read between the lines.
{ IMO } If areas of the global market are slowing, carriers will exorcise their
Contract options to avoid taking on more debt. They will also lose their place in
Line as others will take those planes.
However the list of players backing out is growing along with no new orders.
Virgin Australia Holdings Ltd (VAH.AX)
Norwegian Air Shuttle ASA (NWC.OL)
Negative 87 orders for 2019. Writing is on the wall.
You should be a hot air balloon.
@12ZSyfkN-1pgz — here one answer
Satire meaning 1.
A work of literature in which vices, follies, abuses are held up to ridicule.
Ideally with the intent of shaming Individuals, Corporations, Government
or society itself into improvement.
The Boeing Board of Miscreants has No Shame; Satire Will Not Work.
In cases where such Individuals are running Corporations that can clearly get
away with mass murder and receive millions of dollars in bonus for their actions
Such Individuals and by extent their Corporations will continue their behavior.
As Long As
Such Individuals no matter their actions be they good or evil, still benefit,
This behavior will continue until there are dire consequences for Such Individuals
https://www.theonion.com/boeing-scrambling-after-new-ceo-catches-fire-during-fir-1840980952
The Image Fits the needs of our society at this time in history.
@12ZSyfkN-1pgz
Boeing's not going to fix Boeing.Calhoun's not going to fix Boeing.They made their priorities known when they moved to Chicago....really, when they did the merger.That was the beginning of the slippery slope.Sure they've made lots of $$ since then; that was their #1 goal.Mission accomplished,Golden Parachutes handed out.But at what cost? This is the worst mistake of Boeing's career, and they're keeping the people that pushed them in this direction, in charge.