The Boeing Bust

The reason: poor quality control by drug-addicted or inexperienced Boeing inspectors, maybe illegal immigrants desperate for low pay work. The original high wage senior inspectors have either retired early on fat pensions, or got tired of arguing with management for better construction protocols and competent underlings. Meanwhile, stock investors badger management to cut costs for higher dividends and corporate earnings.

How much did Boeing ex-CEO walk away with, after such obvious mismanagement?

$24 million!!

“Departing Boeing CEO Dave Calhoun will walk away from the airline manufacturer with a $24 million payday, but he stands to collect about $45.5 million more if the next CEO at Boeing can boost the stock price nearly 37%.”

You don’t want to know the compensation of Boeing’s new CEO:

$32.8 million!!

“May 17, 2024, at 12:48 p.m. Boeing shareholders on Friday approved CEO David Calhoun’s $32.8 million compensation and heard leaders explain what the troubled aircraft maker is doing to improve the quality and safety of its planes after a door plug blew off a Boeing 737 Max jetliner in January.”

Beware continued incompetence, no matter how much more they pay their CEO. Boeing’s airplanes provide nearly 45% of all commercial flights. That makes avoidance difficult, no matter which airline used.

Inadequate assembly line inspection is now a major flight hazard, before factoring in the anxious crew that knows the real score but have to work anyway with nervous passengers trapped inside without parachutes in a sealed aluminum tube at 30,000 feet.

An air pocket lurch could pull apart a port plug from its fuselage, or cause a fuel line to burst into flame, or an engine to fall off, forcing an emergency landing with serious delays, or even worse, a crash landing fiasco with all passengers killed and devastating site damage. 

We never had to figure on such fragile quality construction since the Lindberg days. Why is this happening? Lost work ethic, moral corruption, drug culture, loose borders, diversity vs competence?

“The (FAA safety) numbers can be hard to reconcile with a fear of being thousands of feet in the air with a gaping hole in the airplane, the experience 171 passengers and six crew members aboard Alaska Flight 1282 endured in January. Or reading the FAA chief calling out safety culture issues at Boeing. Or recalling the 2018 and 2019 Boeing MAX crashes that killed a combined 346 people.

“You can understand why the flying public would have a reluctance to get on a Boeing airplane,” said Scott Hamilton, founder and managing director of aviation intelligence firm Leeham.net.

We have two astronauts stuck in a space station because Boeing can’t its act together: a shameful tale of America in free fall, not just Boeing.

https://www.lemonde.fr/en/opinion/article/2024/08/09/nasa-and-boeing-in-trouble-over-astronauts-stuck-in-iss_6712017_23.html


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