Originally Posted by
Peter47
Its what happens when a company becomes too large to fail. Do you think that the U.S. will let its only major civil airline manufacturer go down? I wonder if you could rule out Chapter 10 at some stage though? The paradox is that if you run a company solely for shareholders the shareholders (ot at least the long term one, there's the rub) the shareholders can end up loosing out.
No, the US probably won't let Boeing fail, but it's hard to see how it might coerce the kind of change that will be necessary to make BCA the sort of company it once was and ought to be again.
Permitting/requiring the FAA to engage in rigorous regulation and enforcement, and giving it the requisite resources would go a long way, but half the members of Congress represent a political tendency that hates and resists government regulation and is dedicated to limiting expenditures. And investors/shareholders who live for quarterly earnings would likely rebel violently if cash flow and/or growth were substantially limited.
BTW, Chapter 10 went away a long time ago. The elements that survive are incorporated into Chapter 11.