General > General Technical Chat

Another deadly 737 Max control bug just found!

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TerminalJack505:
Oh, and stock buybacks should be illegal again...

Article

--- Quote ---Share buybacks were considered a form of market manipulation and were illegal under SEC rules until 1982, when the SEC issued Rule 10b-18 which provided corporations a “safe harbor” to buy back their own shares under certain conditions. Once corporations figured out that no one cared about those conditions, and that no one was auditing anything, share buybacks exploded. And they’ve have been hyped endlessly by Wall Street.
--- End quote ---

Psi:

--- Quote from: SiliconWizard on March 18, 2020, 04:19:52 pm ---Uh huh. The Boeing disaster has been on all media for months. Even if you don't care about that, you're very likely to have heard about it. You probably also underestimate the "power" of social networks these days. Sure the attention is currently on the virus, but since it's very unlikely at this point Boeing is going to get approval before the end of the year, by then it'll make a lot of fuss again IMO.

Heck, we don't even know whether Boeing is going to stay alive at this point. And you're like it will just be a matter of a name change? I have no clue what is going to happen exactly, but it's time for a reality check IMO. No one expected the situation to get this bad.

As to airlines - it's obvious this causes a big problem. Those that placed large orders are basically trapped. Even if they wanted to cancel the orders - which they would have all ground to do IMO - they probably just could not, due to the very long lead times, so I can see why they would try and stick to it the longest they can as long as they are reasonably sure that the 737 MAX will be able to fly again before they could get a chance to have an equivalent order to a competitor get delivered. So yeah, they are basically screwed up, and if it ever happened that Boeing was eventually unable to deliver, said airlines would likely be in big trouble as well for lack of planes.

So yeah, I'm not sure how it's going to end up exactly, but I'm just seeing a possible scenario in which it won't end well. Meanwhile, others are more optimistic.

--- End quote ---

I don't disagree with anything you said.

I agree that most people will have heard of the issue but if you asked 100 random people in the street what company it was and what plane it was i don't think you'd get over 20% knowing even one answer.

Most people don't fly much, if at all, and don't care enough about the issue to remember the details.
Once it dies down in mainstream news they forget it in a week.

You could argue that if these people never fly then they don't count because they're not part of the system.
But, if they're a big percentage of the general pubic then they dilute the issue in the public eye and less people talk about it.

Gyro:
I was listening to a radio interview with the boss of Easyjet this morning...

We need government assistance, Covid, blah blah

... but you're about to hand out a £180M dividend to your shareholders!

Oh yes, but we're legally obliged to do that...    |O

SiliconWizard:

--- Quote from: Psi on March 18, 2020, 11:00:30 pm ---
--- Quote from: SiliconWizard on March 18, 2020, 04:19:52 pm ---Uh huh. The Boeing disaster has been on all media for months. Even if you don't care about that, you're very likely to have heard about it. You probably also underestimate the "power" of social networks these days. Sure the attention is currently on the virus, but since it's very unlikely at this point Boeing is going to get approval before the end of the year, by then it'll make a lot of fuss again IMO.

Heck, we don't even know whether Boeing is going to stay alive at this point. And you're like it will just be a matter of a name change? I have no clue what is going to happen exactly, but it's time for a reality check IMO. No one expected the situation to get this bad.

As to airlines - it's obvious this causes a big problem. Those that placed large orders are basically trapped. Even if they wanted to cancel the orders - which they would have all ground to do IMO - they probably just could not, due to the very long lead times, so I can see why they would try and stick to it the longest they can as long as they are reasonably sure that the 737 MAX will be able to fly again before they could get a chance to have an equivalent order to a competitor get delivered. So yeah, they are basically screwed up, and if it ever happened that Boeing was eventually unable to deliver, said airlines would likely be in big trouble as well for lack of planes.

So yeah, I'm not sure how it's going to end up exactly, but I'm just seeing a possible scenario in which it won't end well. Meanwhile, others are more optimistic.

--- End quote ---

(...)
I agree that most people will have heard of the issue but if you asked 100 random people in the street what company it was and what plane it was i don't think you'd get over 20% knowing even one answer.

Most people don't fly much, if at all, and don't care enough about the issue to remember the details.
(...)

--- End quote ---

Many people fly these days thanks to low-cost companies. Air trafic has increased tremendously. And many of these airlines ordered a lot of 737MAX planes due to the promised lowered operating cost, so there is a direct impact here. I don't know what you mean in terms of figures by "most people don't fly much", but the very existence of all the low-cost airlines shows something else. A lot of flights and a lot of people.

We'll see. I'm much less optimistic than some of you guys are. See ya by the time the 737MAX gets approved, if it ever does, and we'll talk again. ::)

SiliconWizard:

--- Quote from: Gyro on March 19, 2020, 01:07:17 pm ---I was listening to a radio interview with the boss of Easyjet this morning...

We need government assistance, Covid, blah blah

... but you're about to hand out a £180M dividend to your shareholders!

Oh yes, but we're legally obliged to do that...    |O

--- End quote ---

Ah well, that sucks, but yes they are.
Unless maybe there was an exceptional law voted in emergency to prevent that temporarily - which would have a major impact on the world's economy (think about it, but it could lead to a crash in no time.)

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