ReformedCharacter wrote:AsleepInYorkshire wrote:27th February 2020
Boeing Is Said to Reach Accord With 737 MAX Engine SuppliersAs part of the agreement, all the engines that are going to be delivered in 2020 will be fully paid for. Additionally, Boeing will cover payments for engines that were delivered in 2019. Is this as bad as I think?
AiYn'U
Probably not. It's in Boeing's interest not to make even more enemies than it already has, particularly if they might be wanting to get some form of government assistance.
RC
Yes. I'm not looking at Boeing in any light from a government "rescue". Perhaps I should factor that into my thoughts. I've ruled it out simply based on the math[s], albeit I am not entirely sure how the US could justify "nationalisation" without effectively voiding trade deals/rules.
I was looking more from the Boeing/supply chain angle. Most of Boeings suppliers cannot sell elsewhere. Their symbiotic relationship relies on Boeing surviving. My thoughts were more aligned with cost. It's possible that this engine supplier has insisted on "payment pro-forma" as it believes Boeings credit rating is as good a bu99ered already. In other words it's not relying upon credit rating agencies to downgrade Boeing - it already believes they aren't a safe bet for credit.
I've followed events for some time now. I hasten to add that doesn't make me an expert. But from the outset I could "sniff" a culture issue. This company has failed to face the truth. It's not manned up to it's failings or shortfalls. It's top down denial has lead it to a point of self destruction. And now it's turned to the only thing the US can do - it's paying top lawyers to manage the fall out. Classic American clean up.
What next ... the board have already started to be thinned. The pay offs for simulators has been brought in. The shareholders have been retained by dividend payments. The honesty box has been re-opened by "fessing" up to debris in fuel tanks.
All, in my opinion, nothing more than red herrings.
And in all of this Boeing want us to "conveniently" forget the deaths of 346 people. Most of whom were not US citizens.
In aviation terms the Max is the most unsafe vehicle to "fly". Let's not hide behind the guff that Boeing want us to absorb. Hell no .... let's look at the flying hours versus the "accidents".
Did Boeing put sales before safety?
Did Boeing "bully" employees at all levels to "buy in" to the sales before safety pitch?
Did Boeing abuse their position of trust?
Did Boeing have a conscience?
AiYn'U