Thread regarding Boeing Co. layoffs

May 7, 2020

• Boeing Prepares to Resume Lawn Dart Production????

Boeing has asked its largest supplier of 737 MAX parts, AeroSystems to
restart manufacturing in anticipation of the aircraft manufacturer resuming
production on its regional airliner.
But Boeing has already stated in earlier press releases that the output of
the MAX will be significantly lower than what was envisioned pre-pandemic.

According to simpleflying.com reports surfaced in March, that Boeing was
intending to restart its MAX assembly line in May, although this has been
open to interpretation given the current climate. But it now appears that
this prediction was correct with work set to start at the Renton facility.

Spirit is keen to get back to producing Boeing’s lawn darts as the company
derives more than 50% of its revenue from the MAX. According to Boeing’s
latest figures it expects to produce {Up To} 31 aircraft per month through to
mid-2021.

https://www.laranews.net/boeing-prepares-to-resume-737-max-production/?utm_source=rss&utm_medium=rss&utm_campaign=boeing-prepares-to-resume-737-max-production

https://www.reuters.com/article/us-usa-trade-eu-airbus/wto-must-decide-if-u-s-complied-with-boeing-aid-ruling-airbus-says-idUSKBN22I2OO

May 6, 2020

• WTO must decide if U.S. complied with Boeing aid ruling, Airbus says

The World Trade Organization must decide whether the United States
has fully complied with WTO rulings on illegal government aid to Boeing
and that process could take some time, a spokesman for Airbus said on
Wednesday.

The U.S. government on Wednesday told the WTO that it had fully
complied with the WTO’s rulings since Washington State had now repealed
its tax breaks for Boeing, and there was “no valid basis”
for the European Union to retaliate against U.S. goods.

But Airbus spokesman Clay McConnell said the U.S. notification was
“a claim” that would have to be reviewed by the WTO. He said Airbus
also looked forward to receiving more information about how the
United States would remove other subsidies to Boeing that were identified
in WTO rulings.

May 5, 2020 / 3:13 PM

• Spirit AeroSystems

Says Boeing wants 125 737 MAX ship-sets for 2020,
Down from 216

https://uk.reuters.com/article/us-spirit-aerosystm-boeing/spirit-aerosystems-says-boeing-wants-125-737-max-shipsets-for-2020-down-from-216-idUKKBN22H32T

Got It;

https://i.dailymail.co.uk/1s/2019/12/18/03/22377650-7803821-Boeing_has_continued_to_purchase_parts_from_some_suppliers_at_a_-a-58_1576639820092.jpg

May 5, 2020
AerCap warns could ScгДP some Boeing MAX orders, withdraws outlook

May 5 (Reuters) - Aircraft leasing company AerCap Holdings on Tuesday
warned it could cancel some Boeing 737 MAX orders and withdrew its
full-year outlook amid a slump in travel demand due to the COVID-19
pandemic that has battered business globally.

The world’s largest aircraft leasing company said it had lost some of its
Boeing 737 MAX leases and expects additional cancellations by airlines
in the future.

“In cases where leases have been cancelled, we have the right to cancel
our corresponding orders for delivery of those aircraft,” the company said
in a statement.

Last month smaller rival and privately-held Avolon cancelled an order
for 75 Boeing 737 MAX planes that were due to be delivered by 2023.
(Reporting by Rachit Vats in Bengaluru Editing by Supriya Kurane)

https://www.laranews.net/big-changes-and-cuts-ahead-for-boeing/?utm_source=rss&utm_medium=rss&utm_campaign=big-changes-and-cuts-ahead-for-boeing

Boeing is to shed 10% of its 160,000 workforce in the first round of layoffs and
greatly reduce the production of its aircraft well into 2022, in what the company
describes as an entirely new market created by management malfeasants and
Covid-19

At the company’s first-quarter earnings call on Wednesday, Boeing CEO
David Dunce Calhoun detailed the adjustments to the production runs that
would be coming into effect.
Plans for the 737 MAX, which he estimated will resume late in the third quarter
will accelerate even slower than originally planned, following the jet’s 22-month
grounding. In a revised upbeat earlier plan to increase Max production from 57
a month to 63, Boeing now sees this rate peaking at only 31 per month late in
2022, and will only rise if the market demand is there in the future.
With enough inventory on hand to supply all of 2022 production will be small.

A letter sent to the company’s employees last week, Calhoun called the
pandemic “a One – Two punch” the first head blow being self inflicted
followed by a gut punch to the business. This created a complete lack of
interest by carriers in purchasing our flying lawn darts and a reduction in
passenger volumes of more than 95% compared to last year’s figures and
an expected $314 billion fall in airline revenue in 2020.
He surmised that a recovery from the Covid-19 politics to a 2019 levels would
take up to three years and that it would take “a few years beyond that” for the
industry to return to profitability.

“As a result, airlines are delaying purchases for new jets, especially the Max
And putting the brakes on all delivery schedules.
Adding that we have been deferring maintenance, on our parked Max fleet
Hopping someone will take them off our hands said Calhoun.
“We’re also seeing a dramatic impact on our commercial services business,
as grounded airline fleets decrease the demand for our offerings.
This is all putting pressure on our cash flow.”

Deal For 200 Boeing Max aircraft evaporates
After British Airways Closes London Gatwick Base

To add to the baggage of the Max
Baggage has to be loaded individually onto the Max, unlike the modern A320
Which can accept containers, this makes unsuitable at Heathrow.

https://www.travelpulse.com/news/airlines/united-cancels-more-than-half-its-boeing-737-max-orders.html

• United Cancels More Than Half Its Boeing 737 Max Orders

United Airlines has informed the Boeing that it will be taking Less Than Half
of the new Boeing MAX jets it originally ordered.

United will take 16 of the MAX planes this year and 24 in 2021 as it downsizes
the airline in the wake of the devastating effects of the Covid Cult
which has cut the demand in travel by 90 percent.
Less demand means less need for the number of planes, a fact that carriers
have already recognized by parking a good majority of their planes.

@OP+12lmFi8K

Boeing's debt now larger than the country of New Zealand

https://www.washingtonpost.com/business/2020/04/30/boeing-raises-25-billion-massive-bond-sale-turns-down-bailout-funds/

• Boeing’s actual debt including Outstanding Liabilities is 78 Billion

Boeing Management is working the Madoff - Ponzi Scheme on Investors

We had, 600 Billion in booked sales. What do you think our profit margins are?
Profit Margins from 2012 to 2018 >>> The Best was 8.99%
There is interest on our debt too

• In 20 years Boeing will be back in the black if they’re Lucky

These Facts Do Not Care About Your Feelings

• Proud, Disgruntled or just in-between — Your Feelings Don’t Count

@2kky+14JGZYpa

do you even work for Boeing, bro?

No such thing as one Boeing. It's a joke. Every man for themselves.

I hate Boeing. Despicable, sad, and reckless company.

@2ksy+14JGZYpa Your fill yourself full of assumptions. No wonder you are clueless. Have fun getting laid off.t

Nobody actually knows how many are gonna get laid off unless your Calhoun or one of the execs. As for numbers per job code, managers are to start declaring surplus now. So there’s no telling.....

It’s all guesstimates....until it’s announced. Percentages are fun to try and interpret but nobody commenting on this site actually knows.

If they say they do, their full of it.

So.... those that believe it’s only 15% must believe everything else Calhoun said. How’s that worked out so far?

A few days ago the shills claimed that 0, zero, nadie, nobody would get laid off.
Today 10-15% is OK but they LOL at 50%.
Next time 50% will be OK again but they will LOL at the Chapter 11 filing coming.

1. m.a.z.i.n.g. How much do you guys get paid for the cheerleading?

Arrogance is worse than trolling. You guys really don't know the true numbers and keep giving out your best guess, which is no more than a subjective opinion. The fact is a mass layoff is coming and soon.

I really wish you had to sign in with your bems or something....though Boeing would track us somehow cuz they’re sh–bags....

But waaaaay too many trolls....

Go fish

LOL sorry to disappoint the trolls talking 50% layoffs and bankruptcy (hahahahhaa). No where near 50% RIF in engineering is feasible, 20% tops in only a few areas. Look for a lot of the sales executives to move on, they are bloated as is. If you think bankruptcy is even close to possible you are just flat out dum and I really hope BA was not foolish enough to hire you. Sigh

$$$$You are hearing Right, Boeing is goring into Hibernation$$$$

Boeing's bond sales preclude the need for Fed bailout loan.. No longer capped at 10% layoffs per the Fed stipultations. I'm hearing from my little birdy, eventual (final) BCA trimming 50% of engineering.

• No Orders For Our Imaginary Max Plane

1. India’s HCL Technologies were programming for a Magic Carpet
2. The Board of Monkeys decided they were engineers

Titan Then, Boeing Now, History Repeats
https://www.youtube.com/watch?v=UBzigaTSPZY
Titan 1/C-3 RVX-3

@iqe+14JGZYpa I think I have heard that particular tune before, several times. I can name that tune in 3 notes

https://www.aviationtoday.com/2020/04/30/boeing-737-max-certification-flight-waiting-software-validation/

• Boeing 737 MAX Certification Flight Waiting on Software Validation

CEO Dave Calhoun anticipating a third quarter return to service,
According to the company’s Apr. 29 first quarter earnings call.
April 30, 2020

@cgv+14JGZYpa
April 30, 2020 11:03 AM
https://www.kansas.com/news/business/aviation/article242397886.html#adnrb=900000

More job cuts at Spirit AeroSystems
As Boeing’s coronavirus, 737 MAX woes continue

The company is offering all its SPEEA technical and professional workers
in Wichita voluntary layoffs, according to a Spirit email sent to employees
Wednesday night.

It’s immediately unclear how many jobs the company will cut.
In 2019, SPEEA, represented more than 1,600 technical and professional
workers at Spirit,
but the company has undergone Several Rounds of Layoffs
Voluntary Layoffs, Early Retirement Offers and Furloughs since then.

Next it's called Chapter 11.

As Boeing goes, so goes Spirit. There had been a new deal setting-up a a vastly reduced rate of fuselage production at Spirit, and that was before Covid-19. So, I guess we can safely assume that the rates for the 737 that have been tossed-out might also be bogus?

https://apnews.com/acc1c04b3d6ffb8ea60197ad57e8b4f0

Spirit offers more voluntary layoffs

The new voluntary layoffs are a “first step” in the company’s plans to
deal with Boeing’s announcement, according to the email from Spirit
CEO Tom Gentile.

• Boeing gets $50 billion of orders for bonds amid strong demand

https://ajot.com/news/boeing-gets-50-billion-of-orders-for-bonds-amid-strong-demand

Boeing Co. has already received $50 billion of orders for its bond offering
Thursday, as the company comes off of one of its worst quarter on record
with pandemic upending the global aviation industry.

The airplane manufacturer is burning through the most cash it ever has
with travel at a standstill. Boeing was already hurting from the grounding
of the 737 Max before the Covid-19 outbreak, but now it’s looking to shore
up liquidity even further by cutting jobs and production.