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#Post#: 18808--------------------------------------------------
Can Boeing survive the grounding of the 737MAX?
By: SHL Date: August 2, 2019, 12:56 am
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With great displeasure I have to announce today this is my last
day in Germany (Berlin specifically).
I received a notice this morning from Icelandair that, due to
the grounding of the Boeing 737 MAX fleet, of which they had
ordered several, they had contracted with EuroAtlantic, a
Portuguese carrier to fly a Boeing 767 (an aircraft that went
into service in 1982) for my flight to Iceland.
I heard the 737Max isn’t expected back in service until the
fixes are made, which should last well into 2020.
At this moment, I’m glad I don’t own any Boeing stock.
I wonder if Boeing can survive as the sole remaining US
commercial aircraft manufacturer in light of stiff competition
from Airbus.
It is distressing to return to the US. In turning on the
computer, all I see is Yahoo News involving US politics, a
country that can be described as being in nothing but a state of
constant chaos, crisis, and in-fighting. Nothing like that is
going on here.
But, getting back to Boeing. It is obviously down for the count.
But will it get up? That’s the question. Another major US
industry biting the dust?
I posted this only because I have an interest in commercial air
travel and subscribe to the YouTube channel, aeronewsgermany, a
great site for aircraft and airline enthusiasts.
#Post#: 18809--------------------------------------------------
Re: Can Boeing survive the grounding of the 737MAX?
By: Aliph Date: August 2, 2019, 1:14 am
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I am sorry SHL I do not understand anything about aircrafts and
didn’t follow the story about the Airbus grounding. Did they
anticipate your flight back? I just wish you a safe journey back
to California with a nice stopover in Reykjavík. I hope I will
visit Iceland some day, it must be beautiful.
#Post#: 18810--------------------------------------------------
Re: Can Boeing survive the grounding of the 737MAX?
By: NealC Date: August 2, 2019, 1:29 am
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Even though Boeing stock is well off its high in March, it is
still more than 10% up for the year and it pays an excellent
quarterly dividend.
Boeing will be fine.
#Post#: 18811--------------------------------------------------
Re: Can Boeing survive the grounding of the 737MAX?
By: SHL Date: August 2, 2019, 2:52 am
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[quote author=NealC link=topic=1292.msg18810#msg18810
date=1564727343]
Even though Boeing stock is well off its high in March, it is
still more than 10% up for the year and it pays an excellent
quarterly dividend.
Boeing will be fine.
[/quote]
I hope you are right Neal.
I remember the day when everyone was flying Boeing aircraft or
McDonnell Douglas. Boeing either bought out or merged with
McDonnell Douglas a while back, so we are really down to just
one US commercial aircraft manufacturer. Unfortunately, another
hopefully not lost US company.
Lockheed made a valiant effort in its late introduction of the
L-1011, a fantastic aircraft. Well designed, produced with high
quality controls, no design defects, but it came out too late to
be competitive, was expensive to produce and the company made no
money on it. Lockheed drew on its years of prior military
aircraft manufacturing experience in designing it so it was an
airplane ahead of its time. Now the old L1011s are just
gathering dust in the desert or being turned into Coca Cola
cans. It’s a shame.
The US auto industry is shrinking. Even my Ford Focus has an
engine built in Croatia. US cars are assembled in the US (and
some German cars too) but the parts are imported in large part.
So, we haven’t got much heavy industry left.
It seems the only remaining US industries are in the computer
fields with Apps, and IT. But Apple products are all
manufactured in China now, as are probably all others (like HP,
Dell and so on).
#Post#: 18812--------------------------------------------------
Re: Can Boeing survive the grounding of the 737MAX?
By: SHL Date: August 2, 2019, 3:03 am
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[quote author=Sofia link=topic=1292.msg18809#msg18809
date=1564726492]
I am sorry SHL I do not understand anything about aircrafts and
didn’t follow the story about the Airbus grounding. Did they
anticipate your flight back? I just wish you a safe journey back
to California with a nice stopover in Reykjavík. I hope I will
visit Iceland some day, it must be beautiful.
[/quote]
Thanks Sofia,
Yes, I like Iceland a lot.
It was the first place in Europe I visited in 1979 and I was
really impressed with it then. It’s changed a lot now because
the economy has switched to tourism as a major industry.
But, back then, it was a little traveled Nordic country,
isolated in the North Atlantic from the rest of Europe. I think
few people had even heard of Reykjavik back then, except for the
chess tournaments held there.
It’s major industry then was wool and sweater production and
fishing. Now, it‘s all about tourism, so unfortunately it‘s lost
a lot of its charm.
But, I recall staying in town (Reykjavik) and looking at crystal
clear blue skies, a cute capital city with brightly painted
little house, painted in red, blue, white -just about all
colors. Daytime high temperatures of 10C in June.
The streets were clean and neat, and the water was cold and the
best water I had ever tasted. You really felt like you were on
the top of the world.
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