What’s more, the Max scandal isn’t the only dire threat to Boeing’s trajectory. Well before the crashes,Boeinghad struggled to plug a gaping hole in its product lineup between its single-aisle 737 and larger twin-aisle 787 planes. Now, plans to launch an entirely new, “clean sheet...
The former Boeing pilot indicted for fraud over the 737 MAX crashes said he was being made into a "scapegoat" over the calamaties. The former Boeing pilot indicted over his role in the 737 MAX scandal said Friday he should not be made a scapegoat for a pair of deadly plane crashes. "T...
If you’ve been following the Boeing 737 Max debacle in recent months, you may have picked up on some key parallels to the medical device industry. And if you haven’t been following this aviation crisis, I highly recommend watchingJohn Oliver’s take on the story. The lessons that can b...
US prosecutors on Thursday hit Boeing with $2.5 billion in fines, settling a criminal charge over claims the company defrauded regulators overseeing the 737 MAX, which was grounded worldwide following two deadly crashes.
The FAA Knew the 737 MAX Was Dangerous and Kept It Flying Anyway Tagged In Designed By Clowns737Designed By Clowns Who Were In Turn Supervised By MonkeysScandalCorruption More from Extreme What Is Artificial Intelligence? From Generative AI to Hardware, What You Need to Know ...
Well over 90 percent of Boeing machinists refused the company’s new contract offer and voted to strike, despite the urgings of their International Association of Machinist (IAM) union to accept the deal. The apparent reason for the organization’s encouragement was its appreciation that scandal-...
Phil Condit and Mike Bair could not know how successful the 777 would become, but there were high hopes. Condit, who in less than a decade would become the first Boeing chief executive to resign due to scandal in 2003, prophesied during the event that the 777 would be a “30-, 40- ...
his attempts to raise these issues internally were met with retaliation, being told to “shut up” and threatened with being beaten up. The timing of these allegations could not be more challenging for Boeing, already grappling with the fallout from previous crises, including...
In the wake of the 737 MAX crisis, my general thesis on BA stock has been that Boeing had turned into the 2019 version of 2018Facebook(NASDAQ:FB). That is to say, both companies were hit hard by a headline scandal that created horrible optics but didn’t really impact the long term ...
If financial damage from the 737 Max remains in the $20 billion range, that would not put it in the running for the most expensive mistake by a company. Volkswagen has spent €32 billion, or $38 billion, on its emissions cheating scandal. The most expensive mistake to date is the $68...