Author Topic: Another deadly 737 Max control bug just found!  (Read 11712 times)

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Offline Domagoj T

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Re: Another deadly 737 Max control bug just found!
« Reply #175 on: March 20, 2020, 10:06:40 pm »
As a private individual, you have social insurance (unemployment insurance) and health care, nobody is going to be left starving.

As SilverSolder said, in many countries you have some kind of social insurance.

Sure, but since we're talking about Boeing and USA bailout, let's take a look at US numbers. There are 34 million people in US that live below poverty line. There were more than half a million people that were homeless in 2018.
Social insurance does exist in theory, but it's not nearly as farm and fuzzy as the bailouts for big companies, which are sized to produced "business as usual" effect. Personal social insurance is of much lower quality.
Boeing is asking for "a minimum of 60 billion for aerospace manufacturing industry", of course they are the biggest player.

Not that I disagree with you, though, when corporations go down because of mismanagement (e.g. the Boeing Max scandal).  They might try to sweep that little booboo up under cover of the corona thing.
Seems like, for Boeing, corona is the best thing that happened since sliced bread. Thousand new airplanes are grounded, but airlines are not, or barely, operating anyway, so no pressure.

What you're saying here is that you are blaming some companies not to build enough "cushion" (I think this is the proper financial term). Thing is, first, you'd always have to determine how much - and in case of a major downtime, any amount you have decided on will probably not be enough to save much.
About three months worth of operation should do it.


Second, once a private company goes public, major decisions like this can't be made by the company's executives only. Major shareholders will get to eventually decide on things like this. Shareholders will usually prevent any company from building up too much cushion - because this is just "sleeping" cash.
Open market will regulate that. If your company doesn't prepare for an unforeseen event as well as competition, you'll be taken over. If you prepare better than competition, you can take them over.

You're probably hoping for a complete change of system here...
Sure. I'd like to see some changes.
 

Offline EEVblog

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Re: Another deadly 737 Max control bug just found!
« Reply #176 on: March 23, 2020, 03:52:37 am »
Seems like, for Boeing, corona is the best thing that happened since sliced bread. Thousand new airplanes are grounded, but airlines are not, or barely, operating anyway, so no pressure.

Yep  :phew:
Well, at least for those involved in the 737MAX.
Uncle Sam will helicopter drop in some free cash, and they get oodles more time to solve the problems.
 

Online chickenHeadKnob

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Re: Another deadly 737 Max control bug just found!
« Reply #177 on: March 23, 2020, 04:40:21 am »
Seems like, for Boeing, corona is the best thing that happened since sliced bread. Thousand new airplanes are grounded, but airlines are not, or barely, operating anyway, so no pressure.

Yep  :phew:
Well, at least for those involved in the 737MAX.
Uncle Sam will helicopter drop in some free cash, and they get oodles more time to solve the problems.

I would say no, it compounds their cash flow problem. Before the pandemic the Airlines were trapped. The order book for the main competitor the Airbus A321 Neo is full to 10 years out and the order book for the MAX is also full. Now Airlines who were/are skating on thin ice already will go bankrupt and the ordered aircraft backlog will shrink dramatically. There will also be many aircraft on the used market. It is going to be a bloodbath for commercial aviation.
 

Offline SiliconWizard

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Re: Another deadly 737 Max control bug just found!
« Reply #178 on: March 23, 2020, 01:40:05 pm »
Now Airlines who were/are skating on thin ice already will go bankrupt and the ordered aircraft backlog will shrink dramatically.

Yup. Some people seem to think airlines can keep going for weeks with almost no activity and will be back to normal when the crisis is over. Keep on dreaming.
This is not going to be pretty for some of them, and I bet that a few won't be able to honor the orders they have passed - or only partially for those that will survive.

 

Offline Domagoj T

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Re: Another deadly 737 Max control bug just found!
« Reply #179 on: April 02, 2020, 06:44:23 am »
https://edition.cnn.com/2020/03/27/business/boeing-bailout-government-stake/index.html
Quote
Boeing CEO Dave Calhoun was asked earlier this week about how he felt about the prospect of the government taking a stake in his company in return for help, he said he was not in favor of such a move.
In an interview on Fox Business, he said that if the government required an equity in exchange for help, that Boeing would "look at all the other options, and we've got plenty of them."

I guess they don't really need help.
 

Online tom66

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Re: Another deadly 737 Max control bug just found!
« Reply #180 on: April 02, 2020, 08:08:30 am »
If the people (taxpayers) are going to bail out a company the *least* they deserve is some share in return of that company.

I'd rather let these companies go bust that just give them money with no conditions attached.  Boeing can go ... well, you know.
 
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Offline BravoV

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Re: Another deadly 737 Max control bug just found!
« Reply #181 on: April 02, 2020, 10:18:36 am »
Easy, just make a stealhty request to Chinese conglomerats , asking a favour that they will pretend that they are going to inject fresh cash into Boeing, pretty sure that will be the wake up call for the gov and senates to bring more money without too demanding on the terms.  >:D

Online chickenHeadKnob

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Re: Another deadly 737 Max control bug just found!
« Reply #182 on: April 14, 2020, 09:41:29 pm »
And the cancellations gather steam

quote:
     Boeing customers cancelled 150 orders for the 737 MAX in March, and the plane maker’s commercial backlog fell by a net 307 planes in the first quarter as it accounted for orders that airlines are now unlikely to take delivery of as they struggle to survive a steep drop-off in travel amid the coronavirus pandemic.

https://www.forbes.com/sites/jeremybogaisky/2020/04/14/boeing-backlog-shrinks-by-300-planes-as-more-737-max-orders-cancelled/#3a6ec7091c7c
 


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