Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

FAA & Boeing faulted in report

Boeing and F.A.A. Faulted in Damning Report on 737 Max Certification

https://www.nytimes.com/2019/10/11/business/boeing-737-max.html

Boeing CEO loses chairman title as company separates roles after 737 Max crisis

https://www.cnbc.com/2019/10/11/boeing-ceo-loses-chairman-title-as-company-separates-roles-after-737-max-crisis.html

Comments

  • Howdy folks,

    Boeing is the latest poster child for how NOT to deal with a problem. From the beginning, they blamed the victims. If I recall, it was a very racist attack on 'those' pilots not being trained properly. Seriously?!? Now it's apparent the FAA was complicit in the certification process and no other country in the world is going to buy their shit.

    I'm am not sure this plane will ever fly again and if it does, who will fly it?

    cretins,

    and so it goes,

    peace,

    rono
  • Too many bean counters on the board - not enough engineers to really understand the problem.
  • edited October 2019
    An OPPS......nothing new to add; as I missed the CEO chairmanship Gary included in his post.
  • edited October 2019
    Just flew. Everything related to air travel is going automated. Make reservation online. Select own seat online. “Check-in” (bit of an oxymoron nowadays) a day ahead and store boarding pass on iPhone. Alternatively, one may choose to wait and struggle with the airline’s semi-functional equipment at the airport in pursuit of boarding pass. Tag your own checked bag. Feed it into to the scales & security screener yourself. Clip your own receipt and hope bag arrives along with you. If it doesn’t, don’t bitch to a human. File an online claim.

    Per the Boeing story: They’re doing what they can to automate the actual flying of the aircraft. I don’t expect it to be long before the FAA and airlines move to single-pilot operation with automation serving as the “co-pilot.” Probably in many of our lifetimes. Will begin with smaller domestic-bound craft and expand over time to international travel on very large aircraft. And for those just being born today, likely they’ll get to fly on “pilotless” aircraft during their lifetimes.

    How does this tie-in with the thread? The continuing automation of aircraft like the 737 Max is an unstoppable move in the steady march towards a laborless workforce and higher and higher profit margins for those poised on the right side of the technology divide. There will be hiccups along the way, like the current over-reach by Boeing. But the move is as unstoppable as the transition from horse & buggy to autos 100 years or more ago. Because of ever present security issues, you’ll always have some airline personnel aboard. But they won’t require the expensive training or compensation today’s (FAA mandated) two pilot system demands.

    Lest I be viewed as guilty of some topicality violation ... feast your eyes for a few seconds on the unlimited profits and wealth this whole cart full of technological innovations will provide for those well positioned in the airline or other businesses.
  • @hank
    Yup, your post is good to go here for investment information. Our largest direct equity holdings remain with tech.; from medical to robo and whatever lies between. Go tech., go.
  • edited October 2019
    Heads Roll at Boeing: “Early Friday morning, Boeing’s board gathered on a conference call that had been hastily arranged the day before. Dennis A. Muilenburg, the company’s chief executive and the chairman of the board, was not invited. By the end of the day, a decision had been reached: Muilenburg would lose his title as chairman, a rebuke from a board that has defended Boeing’s senior leadership after two crashes of its 737 Max jet killed 346 people.”

    Interestingly, the stock is down 15% since March. To listen to some here, it was a great buy back than. Airlines are becoming increasingly frustrated with Boeing and claim the company hasn’t been honest in communicating about the expected delay and other issues.

    https://economictimes.indiatimes.com/news/international/business/boeings-board-acted-after-months-of-mounting-pressure/articleshow/71574899.cms
Sign In or Register to comment.