Boeing posts first loss in two decades as 737 Max costs double
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The bean counters, and I am not one, are only doing what the shareholders want: to increase the revenues per share, whichever the consequences are.
In all too many cases, this has been overtaken by the desire to increase shareholder value, which is not the same thing. Dividends and buybacks don't increase revenue, but they increase share price while diverting cash that would otherwise be used for internal investment, such as creating soundly engineered new products.
In all too many cases, this has been overtaken by the desire to increase shareholder value, which is not the same thing. Dividends and buybacks don't increase revenue, but they increase share price while diverting cash that would otherwise be used for internal investment, such as creating soundly engineered new products.
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Long expected, finally arrived: SEC Investigations
https://www.seattletimes.com/busines...round-737-max/
https://www.seattletimes.com/busines...round-737-max/
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Boeing confirms SEC and 737 Max
Boeing under investigation by SEC regarding MAX.
https://komonews.com/news/nation-wor...around-737-max
https://komonews.com/news/nation-wor...around-737-max
Boeing doesn't expect Federal Aviation Administration approval of its changes to the plane until mid-year.
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From an industrial point of view it is interesting to find out if this will show parallels with the investigation of Volkswagen (diesel). At face value there are some parallels.
I'd missed that. But I'm sure one of the things the SEC will want to look at is the continual reannouncing of return to service expectations, which have consistently been around 4-6 months away ever since the start of the issue, and which are a classic for unjustified bolstering of the stock price. They will want to know the justifications for all the dates, why they have then been consistently missed and extended out, and whether this is regarded as misleading the stockholders.
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I'd missed that. But I'm sure one of the things the SEC will want to look at is the continual reannouncing of return to service expectations, which have consistently been around 4-6 months away ever since the start of the issue, and which are a classic for unjustified bolstering of the stock price. They will want to know the justifications for all the dates, why they have then been consistently missed and extended out, and whether this is regarded as misleading the stockholders.
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Mr Dennis may have to come back to answer a question or two.
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The Seattle Times article says, in para 2,
So perhaps not old news, except for people who are very inward to Boeing's private affairs.
Boeing disclosed the Securities and Exchange Commission investigation in a regulatory filing Friday.
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in the Max crash the origin is not the fraud but a lack of computer knowledge. That lack of knowledge is existing by Airbus too, and in the whole aeronautical world including the certification process in use by ICAO
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in the Volkswagen investigation there was only fraud!
in the Max crash the origin is not the fraud but a lack of computer knowledge. That lack of knowledge is existing by Airbus too, and in the whole aeronautical world including the certification process in use by ICAO
in the Max crash the origin is not the fraud but a lack of computer knowledge. That lack of knowledge is existing by Airbus too, and in the whole aeronautical world including the certification process in use by ICAO
Can you elaborate on that.
I understood that MCAS-1 (before the grounding) performed as-per-specification (with the pilots expected to catch the "trim-runaway").
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You are correct Peter H, zero evidence has been released that the MCAS did not function as anticipated. The code was not the problem, the specification itself was the fundamentally flawed for commercial reasons. The name you want to search (this site & google) is Rick Ludkte. By having only a single sensor MCAS, no warning to the pilots was required, no warning means no simulator training, only a one hour iPad course. The risk was further assessed by Boeing as being one below catastrophic, and therefore did not require a crew warning.
Penalties of $1 million per aircraft were agreed by Boeing if simulator training was required for some large orders.
Penalties of $1 million per aircraft were agreed by Boeing if simulator training was required for some large orders.
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Just noticed this audio-video about the 737 Max, by a Boeing insider.
An interesting take on the continuing Max debacle.
https://www.youtube.com/watch?v=9OzFlqHikUc&t=1634s
An interesting take on the continuing Max debacle.
https://www.youtube.com/watch?v=9OzFlqHikUc&t=1634s
Viewed some of the video and I don't agree with some of his comments.
The "classic" was before the NG but he seems to think that the NG is a "classic"!
The ECS was redesigned from the panel aspect as was all of the overhead panel, but SW Airlines didn't want the "toggle switches" to go, as this would have meant "training" would have been involved.
The "cigar shaped" engine was in fact the P&W JT8D engines mounted on the 737-100/200 series.
The rudder PCU's were changed for Cat iii operations and so on.
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The 737 rudder PCU was made into a dual system because of several incidents and two crashes, not because of Cat III operations. Seem to remember that one of those incidents was on a BA 747, which captured the error on data recorders (the 747 used the same PCU for the elevators).
https://en.wikipedia.org/wiki/Boeing_737_rudder_issues
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Everyone's now talking about a good CEO for Boeing. Most name Alan Mullaly. But I suddenly have a brilliant idea that Boeing can use for a reasonable fee. Why not Carlos Gosn? He's free. He dug Nissan out of a $20-bln debt hole. He turned that ungrateful company around and put it on the way to prosperity. And he does what Boeing love - cuts costs... without killing the end product.
Why not him? I'm sure Pompeo can settle the corruption charges with Japan. With his boss, he should have some experience in that kind of talking. The only difference this time would be that charges against Gosn are absolutely bogus, which would make Mikey's job all the easier. Are you listening, Boeing?
Why not him? I'm sure Pompeo can settle the corruption charges with Japan. With his boss, he should have some experience in that kind of talking. The only difference this time would be that charges against Gosn are absolutely bogus, which would make Mikey's job all the easier. Are you listening, Boeing?