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Another deadly 737 Max control bug just found!
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BravoV:
Life was, is and will be really good at Boeing's management and share holders. :clap:

-> Boeing calls for $60 billion lifeline for U.S. aerospace industry

Quotes ...

Congressional officials are reviewing Boeing’s cash needs as Congress considers a stimulus and rescue package that could top $1 trillion.   :scared:
SilverSolder:

--- Quote from: BravoV on March 18, 2020, 04:55:09 pm ---Life was, is and will be really good at Boeing's management and share holders. :clap:

-> Boeing calls for $60 billion lifeline for U.S. aerospace industry

Quotes ...

Congressional officials are reviewing Boeing’s cash needs as Congress considers a stimulus and rescue package that could top $1 trillion.   :scared:

--- End quote ---

Boeing can ask...   but in an environment where so many industries will need a bailout...   will they get everything they ask for?
SiliconWizard:
I'm all for saving the US aerospace industry, but 1/ the US aerospace is not just all about Boeing (or is it? if it is, it's a big problem), and 2/ Boeing is trying to mix up the difficulties it has gone through with the Coronavirus - not saying it won't damage things further, of course, but that almost sounds "convenient" here.
BravoV:

--- Quote from: SilverSolder on March 18, 2020, 05:19:59 pm ---
--- Quote from: BravoV on March 18, 2020, 04:55:09 pm ---Life was, is and will be really good at Boeing's management and share holders. :clap:

-> Boeing calls for $60 billion lifeline for U.S. aerospace industry

Quotes ...

Congressional officials are reviewing Boeing’s cash needs as Congress considers a stimulus and rescue package that could top $1 trillion.   :scared:

--- End quote ---

Boeing can ask...   but in an environment where so many industries will need a bailout...   will they get everything they ask for?

--- End quote ---

Of course, I guess you are too young to understand on what happened in 2008 crisis.

Here what was happening on a phone conversation .... "... mark up your number will ya ? So that leaves me/us a leeway and save our faces when we finally make a discounted figure on it, say it will end up just 10% (100B   >:D) ? How bout that sounds ? Ok, deal, and make sure do not forget my/our cut will ya ... " .... phone hang up ... done deal.  >:D

Thats the reality.
TerminalJack505:
There's a lot of grumbling about how Boeing and the airlines spent a huge chunk of their free cash on stock buybacks.

Article

--- Quote ---As a group, the six airlines spent 96% of their free cash flow on stock buybacks over the past 10 full years through 2019.

Boeing’s free cash flow for 10 years totaled $58.37 billion, while the company spent $43.44 billion, or 74% of free cash flow, on stock repurchases.
--- End quote ---

So, basically, that money artificially propped-up share prices and made investors and executives handsome profits.  They blew their wads and are now having liquidity problems and need a handout.  They saved nothing for a "rainy day."

I don't know if the airlines are worth saving.  Someone from the private sector could likely give Boeing a big cash injection--in exchange for preferred-stock.


--- Quote ---...such as the one Berkshire did with Goldman Sachs GS during the 2008 financial crisis. Berkshire had $125 billion in cash and short-term investments in U.S. Treasury bills as of Dec. 31
--- End quote ---
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