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Saturday, April 27, 2019

The Boeing Bong Show

Boink, Boeing just revealed its ugly inner child. A Corporation running for stockholder expectation way beyond its capability to build a safely configured aircraft. When did Boeing go Boink? Back when the 757 was shelved and the 787 was promoted as the next big thing. It was about the stockholder and not the passenger hence two 737 Max bite the dust for some lackadaisical MCAS system which couldn't see itself out of a Max nosedive. Boeing has been called out, but its stock remains a strong happening even with mishap amiss from its chief moneymaker, the 737 Max family.

Okay, got that Boeing bashing out of the way. Capitalism is not defined by the stockholder value but a better product for the best price in the market and Boeing slopped out a stockholder pleasing MCAS system. No one had an idea of how it would affect the 737 Max during an electronic failure with the angle of attack mechanism. Let the stockholder beware, your worst enemy is a company who values investment over the product soundness. Having cheaper straw placed in a cheaper broom is not always in your best interest nor does it help someone's Golden Parachute. Cheaper straw may bring those parachutes down to earth harder than a faulty MCAS system which no one knows anything about. To all those workers plugging and playing the 737 Max to the flight line, I'm sorry!

The top 100 people at Boeing Co. should now jump out the side door of its cargo planes. It's do-over time back at the barn, and that's where this saga is headed before another golden parachute is popped out the corporate backpack. Bring on the Super Pax or the next iteration of a single-aisle aircraft. Either its called Pax for the passenger for just old fashion "peace". The big difference that is made for the customer and not the stockholder. The Pax entry into Service will come about 2032 as Boeing tries to find its corporate soul in the process. The expectation is not stock value but just plane old survival as a big world market player.

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