Boeing pleads for bailout

[ExpandMyMind]

There’s a Doug1066 and a Doug1029?

Confusing.

Edited March 28, 2022 by ExpandMyMind

[CrimsonKing]

29 minutes ago, ExpandMyMind said:

There’s a Doug1066 and a Doug1029?

Confusing.

Sounds like a filthy case of "sockpuppeting"  

[Doug1066]

46 minutes ago, ExpandMyMind said:

There’s a Doug1066 and a Doug1029?

Confusing.

Not really.  After several months of not using my Yahoo account, Yahoo thought I'd died or something and closed it.  UM's computer didn't like me signing on as Doug 1029 from a new account, so refused to accept it.  So I had to sign on using a new name.  Doug 1066 and Doug 1029 are the same person (me).

Doug (1029 and 1066)

[Tatetopa]

3 minutes ago, Doug1066 said:

Doug (1029 and 1066)

Are you now celebrating the conquest of true Angland by the Norman French? 

[+OverSword]

No Bailouts for any big corporation.  If there is a need for the work they do (and in this case there certainly is) then Boeings collapse will create a vacuum which some innovator will fill and rapidly become the next super villain to replace Bezos, Zuckerberg, and Musk.  

[RavenHawk]

In the current environment, bailouts is not what the doctor ordered.  Boeing will not be the only one.  They will fail because they are too big.  We need to crash and burn before we can fix anything.

[Tatetopa]

1 hour ago, OverSword said:

No Bailouts for any big corporation.  If there is a need for the work they do (and in this case there certainly is) then Boeings collapse will create a vacuum which some innovator will fill and rapidly become the next super villain to replace Bezos, Zuckerberg, and Musk.  

Not rapidly, but I rather agree with the no bailouts.  The company I worked for did projects for Boeing all through the nearly 30 years I was there.  Some of my design projects were 3 years from initial phase to production ramp up.  Boeing is immense and like a living organism, the nervous system is vital to its operation.  World wide operations and coordination are not easy to replace.  Mind you, until the biggest deals with China, Boeing always kept its wing assembly in house because it is some of the vital manufacturing tech and skill.  A lot of aerospace and business experts thought it was a long term financial and technical mistake.

Boeing spent its money on stock buybacks and backed a couple of loser projects. 

1 hour ago, RavenHawk said:

In the current environment, bailouts is not what the doctor ordered.  Boeing will not be the only one.  They will fail because they are too big.  We need to crash and burn before we can fix anything.

I  agree with this too, but rather than size, getting too greedy and foolish spending when times were good are as much to blame as size. They might be able to streamline and split off divisions and climb back to a profitable operation.    

[+OverSword]

2 minutes ago, Tatetopa said:

Not rapidly, but I rather agree with the no bailouts.  The company I worked for did projects for Boeing all through the nearly 30 years I was there.  Some of my design projects were 3 years from initial phase to production ramp up.  Boeing is immense and like a living organism, the nervous system is vital to its operation.  World wide operations and coordination are not easy to replace. 

I assume the existing infrastructure would be bought as part of bankruptcy, hopefully by a fresh team that will scale things back and run things better, rather than from the ground up  I would also be all for taking parts manufacturing out of Asia and keep it all in North America.  Canada, Mexico and the USA could replace all of these other nations in the process and quality, I think, would go up.

[Tatetopa]

41 minutes ago, OverSword said:

I assume the existing infrastructure would be bought as part of bankruptcy, hopefully by a fresh team that will scale things back and run things better, rather than from the ground up  I would also be all for taking parts manufacturing out of Asia and keep it all in North America.  Canada, Mexico and the USA could replace all of these other nations in the process and quality, I think, would go up.

Who could afford to buy out someone as large as Boeing except an already too big to fail corporation and who would have the aerospace expertise except one in the business?.

I bet you have experienced some buyouts in your industry too.  Hard on the heels of the acquisition  the new company will start cutting costs any way they can, but famously by layoffs and cutting supply costs.  There will be a loss of knowledge from people taking retirement too. 

For management, infrastructure means plants, assembly lines, fixtures and jigs, computer software, and data.  I have not seen a management team yet that puts accurate value on the morale and knowledge of hourly people, engineers, technicians, specialists, and low level management.  They are treated as disposable and easily replaced. . 

Imagine the logistical problems if the existing company tried to source all, and we are talking about hundreds of thousands of components from thousands of suppliers, to new suppliers all at the same time.   Getting new suppliers FAA and military certified  takes some time too. Compound that by new management that doesn't know all of the ins and outs yet.  

I am not saying it is a bad idea, but it is a project that might take several years.  It may only be worth it if we don't wind up with the same bloated behemoth in a few years.

 

[Doug1066]

On 3/28/2022 at 3:58 PM, Tatetopa said:

Are you now celebrating the conquest of true Angland by the Norman French? 

No.  But my family's coat-of-arms is displayed in Battle Abbey.

Doug

[+OverSword]

This story is tow years old

 

Quote

 

Boeing pleads for bailout under weight of coronavirus, 737 fallout

BY ALEX GANGITANO AND ELLEN MITCHELL - 03/19/20 06:00 AM EDT

 

 

[+Link of Hyrule]

Are there valid reasons why Boeing wants a bailout? Qantas got a bailout in Australia, but that's because the government locked our whole country down and had to admit that they were responsible for Qantas' financial losses. 

Does something similar exist in the US?

[+OverSword]

Just now, Paranoid Android said:

Are there valid reasons why Boeing wants a bailout? Qantas got a bailout in Australia, but that's because the government locked our whole country down and had to admit that they were responsible for Qantas' financial losses. 

Does something similar exist in the US?

This story is two years old.  They've won some huge military contracts and probably don't need the bailout.

[+Desertrat56]

24 minutes ago, Paranoid Android said:

Are there valid reasons why Boeing wants a bailout? Qantas got a bailout in Australia, but that's because the government locked our whole country down and had to admit that they were responsible for Qantas' financial losses. 

Does something similar exist in the US?

Boeing isn't an airline like Quantas.   I don't think the covid restrictions caused a problem for them as we were never on total lockdown after the first 2 weeks.   And the airlines are less than half of their sales.

[Raptor Witness]

On 3/27/2022 at 6:52 PM, Eldorado said:

Boeing’s Latest Crisis

The crash of the 737-800 is the latest crisis or controversy to hit Boeing.

Allegations Of Fraud

In October, CNN reported that a federal grand jury indicted a former key executive of Boeing for fraud. They alleged, “he deceived the Federal Aviation Administration while it was first certifying the 737 Max jet that would go on to have two fatal crashes caused by design flaws.”

https://www.forbes.com/sites/edwardsegal/2022/03/26/after-deadly-crash-faa-chief-defends-the-safety-record-of-boeing-737-800-planes/?

 

“It will be like rolling thunder under your feet.” Post #3

In other words, prepper, prepare for war ….

Ukraine Bombs inside Russia.

 

 

Edited April 1, 2022 by Raptor Witness