Thread regarding Boeing Co. layoffs

Australian airline Qantas International said that it would not take
delivery of any new planes from Boeing or its European rival Airbus
in the near future.
Boeing had been scheduled to deliver three of its 787-9 airliners by
the end of 2020, which would have brought Qantas’ Dreamliner fleet
to 14. Airbus had been expected to begin delivery in August of 18
Airbus A321neos. The completion of the Airbus order had been set
for 2022.
No revised timeline for delivery of the commercial jets has been
drawn up, the airline told Reuters.

https://www.airlive.net/southwest-airlines-to-sells-20-boeing-737-800s-and-737maxs/

• Southwest Airlines to sells 20 Boeing 737-800s And Ten 737MAXs

Southwest Airlines will sell and lease back 20 planes for gross proceeds
of about $815 million, the company said in a regulatory filing on Friday.

We have so few passengers these days we cannot risk ҚiŁŁiηg off the few
passengers we do have said a Southwest Airlines Spokesperson

Taking the bailout would have guaranteed our jobs, at least short-term, pretty much like the airlines. They'll start slashing people probably in September, and the UAL CEO was urging people to leave voluntarily (big surprise). I know a UAL station manager who had their salary halved, so they're pretty serious.

Boeing not taking the bailout is all about keeping it business as usual, at least in Chicago terms. Calhoun can play this out now on his terms, rather than the government's, and will cut our throats to make himself look good to the investors.

Going For Zero Employees.

They would have had to pay back the government loan anyway. Now they can cut deep as required to prop up share price. One trick pony these MBAs.

Boeing’s New Debt which consists of seven securities with maturities ranging
from three to 40 years and carries an average interest rate of 5.35%
This New Debt servicing coast is One Billion three hundred thirty six Million
Per Year

As opposed to a low interest government loan
Well so much for the shareholders best interests
Boeing’s Board of Directors have never been interested in the shareholders
Just the Share Price. It’s all about them, The {Board of Directors}
Their bonuses, Their pay and Their Stock Options

As to @nox+14RTvc1S
He is Right, the Taxpayer will be on the hook as we back the securities paper
Via the Fed’s magic printing press

@wlu+14RTvc1S

A) Taxpayers are still on the hook if Boeing does a reorganizing bankruptcy (govt will step it)

B) oh and did you know WHY those bond markets were open? Because the fed bought a sh– ton of debt that was out there opening up the markets.

So taxpayer gets the tab one way or another.

Way to think not through

Wow @rlo+14RTvc1S
you did read all the way to the end of the article didn't you?

As a US taxpayer, I'm happy that Boeing raised money on its own
in the financial markets rather than lining up for a bailout loan that would
have put taxpayers at risk and given us a stake in Boeing's upside.

I suspect that in the long run, we taxpayers will be better off than if
we'd made a bailout loan deal with Boeing.
Which would mean that Boeing shareholders, whom the company's
management is trying to help by going it alone, will be worse off.

Taxpayers benefiting at the expense of Boeing's shareholders?
That would be one of the greatest ironies of all.

**I can see why someone thought you a Dip ȘҺiҬ **

@urt+14RTvc1S right, I read the article. It says that the debt issue is a bad thing and could come back to bite Boeing

9. e. Negative Viewpont of debt issuance

For the past 6 months, you and others have been posting articles that say Boeing should not be bailed out, they don't deserve it.

1. e. Negative Viewpoint of bailout.

So, Boeing did not take the bailout, so now you post negative articles about not taking the bailout.

1. e. hypocrisy Dip ȘҺiҬ

@kgw
There was a good thread on the KC-46 Tanker with sound News Links
It looks like that Thread was deleted.

That kind of thing is easy to do when “They” flood this site with nonsense.
It’s called Subterfuge to dilute the harmful facts with excrement in order to
Distract and Obfuscate

Boeing is in debt over the (Tanker) as in deep Red, do your research @kgw
State your source where the Air Force released the one Billion dollars.

That's a good point, but it also did not come with any strings attached

Boeing already got a federal bailout. Right before Covid-19 Really started gaining traction in the US the US Air Force paid Boeing $1 Billion that they had held back due to the tanker not being fully operational as promised.

One plane, Two plane
Shame on you, pain
Make large chicken &
Watch it rain, say’n

Buy high, Crash low
Make no sense, doh
Broke az company
The blame’s on you, yo

Suits n skirts
call’n shots in towers
They feel your pain
Didn’t you get their flowers

True leadership’s key
Gotta stand up tall
It’s time for true change there
Cuz the writing’s on the wall

I don't like the fact that Boeing is more in debt. They had a choice, the government could own them or the banks could own them. They chose the latter.

What I can't stand is the hypocrisy here. For months everyone said that Boeing was screwing the american taxpayers by taking government money. It was a bailout, etc...

Now, you are b–ching that they DID NOT take the bailout. You CAN'T have it both ways.

I personally think both options prolong the inevitable, but I did not trash one way and then when they did not take that action, trash the other way.

Again, If you hate Boeing so much, f ing leave. You can't, either because you have no skills to get hired anywhere else or because you love the money. Just remember, everytime you get a paycheck, you are condoning the actions that lead to the two fatal crashes. Enjoy that.

Lawn darts 🤣🤣🤣
OP is absolutely right. Boeing stock prices move just like the Boeing lawn darts. At a steep angle towards the ground

If Boeing took the Bail-Out, it would limit their ability to continue operating
The Boeing Corporation as a criminal enterprise.
The Board of Directors would be forced to behave as stewards of a company
Rather than treat it as their personal bank vault to rob as they please.

They didn't take the bail out because they want to lay off people. Or they don't want to wait until September to lay people off. Also they probably used to whole pandemic to do something they probably wanted to do anyways. It's just that if they did it before they'd get bad pr for being a cost cutting financial firm instead of an aerospace company.

Let’s rap about it

Great post. Very comprehendible.