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Boeing Seeks U.S. Aid Plus Help for Suppliers, Airlines on Virus

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Boeing Seeks U.S. Aid Plus Help for Suppliers, Airlines on Virus

Old 19th Mar 2020, 01:36
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Right, so lets put hundreds of thousands of people out of work to punish those execs. That'll show them
td, I wonder, if like the banks, the execs will pay themselves a big fat bonus if the little people via the government bail them out, we, the execs, saved the company.
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Old 19th Mar 2020, 12:49
  #22 (permalink)  
 
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The request for aid, however couched, is the admission of reality.
Also, the time is opportune to play the 'Too Big To Fail' card based on the world virus situation and problems with 737 Max.

The balance of continuing with the 737 or not in the current economic situation, could be sufficiently close that the combined government - manufacturer judgement in considering both the short term work force, the long term future of commercial aviation, and US economic standing, is that it is time to 'pull the 737 plug'.
The virus provides an immediate excuse, now more understandable and acceptable publicly. The business case is changing to the longer term; share holders realise that there are few short term gains, and a better strategy is to plan for the future.

The question is how far ahead. Use government money for existing / future military / space programmes, or for the distant future with a new commercial aircraft, or both. If funding is available, then governments will dictate future projects, both military and commercial; drip feeding finance to support the immediate situation and laying foundations 15 years hence.

Aviation post virus is going to be very different. Airlines have managed so far without the Max; demand may not recover. Long haul are culling older aircraft and planning for revised demand; changing public perceptions of need to travel, and leaner and greener aviation.
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Old 19th Mar 2020, 15:43
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Originally Posted by alf5071h View Post
The request for aid, however couched, is the admission of reality.
Also, the time is opportune to play the 'Too Big To Fail' card based on the world virus situation and problems with 737 Max.

The balance of continuing with the 737 or not in the current economic situation, could be sufficiently close that the combined government - manufacturer judgement in considering both the short term work force, the long term future of commercial aviation, and US economic standing, is that it is time to 'pull the 737 plug'.
The virus provides an immediate excuse, now more understandable and acceptable publicly. The business case is changing to the longer term; share holders realise that there are few short term gains, and a better strategy is to plan for the future.

The question is how far ahead. Use government money for existing / future military / space programmes, or for the distant future with a new commercial aircraft, or both. If funding is available, then governments will dictate future projects, both military and commercial; drip feeding finance to support the immediate situation and laying foundations 15 years hence.

Aviation post virus is going to be very different. Airlines have managed so far without the Max; demand may not recover. Long haul are culling older aircraft and planning for revised demand; changing public perceptions of need to travel, and leaner and greener aviation.
Yes indeed; business, people, global needs and aviation will certainly be changed forever after this crisis is over. The next virus that comes along may be more extreme so the world's governments' and WHO should plan for this now.
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Old 20th Mar 2020, 01:57
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Rather says it all, lost three-quarters of its value since last September, which was halfway through the grounding. Even Norwegian has not lost as much ! In normal times this would have been business page headlines.

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Old 20th Mar 2020, 02:01
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Nikki Haley has resigned from the Boeing board, expressing her opposition to this bailout. https://www.flightglobal.com/airfram...137420.article

Last edited by etudiant; 20th Mar 2020 at 02:18.
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Old 20th Mar 2020, 06:22
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Originally Posted by etudiant View Post
Nikki Haley has resigned from the Boeing board, expressing her opposition to this bailout. https://www.flightglobal.com/airfram...137420.article
Not a great loss IMHO.
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Old 20th Mar 2020, 06:24
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Originally Posted by WHBM View Post
Rather says it all, lost three-quarters of its value since last September, which was halfway through the grounding. Even Norwegian has not lost as much ! In normal times this would have been business page headlines.

Sad to see but not surprising considering events passed.
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Old 20th Mar 2020, 07:46
  #28 (permalink)  
 
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I would feel aggrieved if I were Bombardier and Boeing collected a government bailout.
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