Boeing Finally Admits That Aircraft Demand Is Basically Zero

Jun 27, 2020
https://www.fool.com/investing/2020/06/27/boeing-finally-admits-that-aircraft-demand-is-zero.aspx

Six months ago – before the COVID-19 pandemic – Boeing announced that
it would suspend 737 MAX production in January. Its top-selling plane had
been grounded since March 2019, following a pair of fatal accidents.
Subsequent findings reveled that Boeing knew the Max was an unfit aircraft
A deathtrap at best, according to its own analyses. While independent analyses
showed the Max Deathtrap to be far more dangerous than Boeing would admit.

https://www.forbes.com/sites/petercohan/2019/12/13/mit-professor-says-faa-estimate-of-15-catastrophic-boeing-max-crashes-is-way-too-low/#5702ae855ce8

Due to Boeing's decision to continue building the 737 MAX while waiting for regulators to recertify their scam, the company had built up an inventory of
about 400 undeliverable MAX jets and was running out of places to store them.

Since then, aircraft demand has plummeted, as the COVID-19 pandemic caused
global air travel to dry up. Nevertheless, Boeing restarted MAX production in
late May, with plans to ramp up output gradually over the remainder of the year.

Given that few (if any) airlines want new planes right now, this decision
didn't make much sense. It didn't take long for Boeing to come to its senses
though. Recently, the company told a major 737 MAX supplier to virtually halt production again.
#MaxDeathtrap346

Comment! It's anonymous!

6 replies (most recent on top)

https://simpleflying.com/boc-max-cancellation/
June 30, 2020

BOC Aviation Cancels Order For 30 Boeing 737 MAX Aircraft

Hong Kong-based aircraft lessor BOC Aviation has issued a statement today
indicating that it has canceled an order for 30 Boeing 737 MAX aircraft.
According to Reuters, in addition to this cancellation, the company is deferring
the delivery of some other Boeing 737 MAX aircraft.
#BoeingBankruptcy

Brazilian airline Gol canceled 34 Max jets
Leasing firm Avolon canceled 75 Max jets
Yep we’re back in business selling water on Lake Ontario

While our Languishing Leadership continues — Geoffing Off

David L. Calhoun, blames Dennis Muilenburg for the 737 MAX debacle
https://www.nytimes.com/2020/03/05/business/boeing-david-calhoun.html

David L. Calhoun Blames pilots for 737 MAX crashes
https://worldofaviation.com/2020/03/boeing-ceo-blames-pilots-for-737-max-crashes/

Boeing's new CEO (David L. Calhoun) Regrets blasting predecessor
As Backlash Grows
https://www.chicagobusiness.com/manufacturing/boeings-new-ceo-regrets-blasting-predecessor-backlash-grows

Boeing's CEO says a major US airline could collapse this year
Because of the COVID-19 pandemic
https://www.msn.com/en-us/money/news/boeing-s-ceo-says-a-major-us-airline-could-collapse-this-year-because-of-the-covid-19-pandemic/ar-BB13ZggN

With more than twice as many aircraft parked as we have orders, Even IF
we had competent management, at this point there is nothing they could do

You think layoffs stop at 10%? It is going to look more like 30% or maybe even 50% by the time the KungFlu is done with things.

https://simpleflying.com/norwegian-boeing-aircraft-orders-cancelled/

Norwegian Sues Boeing While Cancelling Almost 100 Aircraft Orders

News has recently surfaced that European budget airline Norwegian Air
has canceled orders for 97 Boeing aircraft.
This 97-aircraft cancellation consists of 92 737 MAX narrow body jets and
five wide body 787 Dreamliners.
In addition to the order cancellation, the airline has filed a lawsuit against
Boeing in order to reclaim pre-delivery payments for the aircraft.
#GoForZero

Boeing Tells Supplier To Halt Production
06/28/2020
https://mavenroundtable.io/theintellectualist/economics/boeing-tells-supplier-to-halt-production-of-certain-parts-and-planes-G6KZtUMggUCd4lL0SaKSgg

A way of life for tens of thousands has been devastated.
346 men women and children murdered for profit and market share
While the Boeing board of murderous miscreant monkeys makes
hundreds of millions of dollars.
#UnfetteredCapitalism
How much was the Congress paid?

Boeing’s 737 order book will be half what It was by September, and then half again by the first of the year.

Thread regarding Boeing Co. layoffs

Boeing Finally Admits That Aircraft Demand Is Basically Zero

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