Boeing: Profits 1st, Safety 2nd? (Part 3)

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Profile Gary Charpentier Crowdfunding Project Donor*Special Project $75 donorSpecial Project $250 donor
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Message 2134764 - Posted: 12 Apr 2024, 0:06:04 UTC - in response to Message 2134762.  

Meanwhile, will any of the previous and existing 'leadership' pick up their responsibilities and be brought to book and imprisoned for their actions or lack of care and lack of concern for life?...

Are you daft? They raked in the money for Wall Street, legally that is their only concern.
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Message 2134780 - Posted: 12 Apr 2024, 14:05:32 UTC - in response to Message 2134764.  

Meanwhile, will any of the previous and existing 'leadership' pick up their responsibilities and be brought to book and imprisoned for their actions or lack of care and lack of concern for life?...
Are you daft? They raked in the money for Wall Street, legally that is their only concern.
Someone should explain to Wall Street that Boeing could sell a lot more airplanes and make a lot more profit if they hadn't screwed up their manufacturing process. Are shareholders daft?
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Message 2134785 - Posted: 12 Apr 2024, 15:48:53 UTC - in response to Message 2134780.  

Meanwhile, will any of the previous and existing 'leadership' pick up their responsibilities and be brought to book and imprisoned for their actions or lack of care and lack of concern for life?...
Are you daft? They raked in the money for Wall Street, legally that is their only concern.
Someone should explain to Wall Street that Boeing could sell a lot more airplanes and make a lot more profit if they hadn't screwed up their manufacturing process. Are shareholders daft?
Selling airplanes isn't the only thing they do. https://s2.q4cdn.com/661678649/files/doc_financials/2023/ar/Boeing-2023-Annual-Report.pdf Page 24, more of their revenue comes from anything but commercial airplanes.
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Message 2134795 - Posted: 13 Apr 2024, 1:35:15 UTC - in response to Message 2134785.  

Meanwhile, will any of the previous and existing 'leadership' pick up their responsibilities and be brought to book and imprisoned for their actions or lack of care and lack of concern for life?...
Are you daft? They raked in the money for Wall Street, legally that is their only concern.
Someone should explain to Wall Street that Boeing could sell a lot more airplanes and make a lot more profit if they hadn't screwed up their manufacturing process. Are shareholders daft?
Selling airplanes isn't the only thing they do. https://s2.q4cdn.com/661678649/files/doc_financials/2023/ar/Boeing-2023-Annual-Report.pdf Page 24, more of their revenue comes from anything but commercial airplanes.
I'm not a business economist. But I assume 'revenues' aren't profits. When looking for 'profits' I only found:

"Net loss attributable to Boeing Shareholders": ($2,222) [Dollars in millions]

Second largest revenues from Defense & Space... Their best selling military plane supposedly is the P8, a 737 NG variant. Reports regarding the KC46 (a 767 variant) indicate these manufacturing line suffers from the same quality deviations as 737 MAX. Profits? 'Defense & Space' also results in more than a billion dollars of losses.

It's only 'Global services' which is profitable; presumably maintenance, parts, repairs. But losses from commercial and military divisions still exceed these profits by more than a billion dollars... At least situation seems to have improved in 2023 compared to previous years.

It seems shareholders will loose money as long as manifacturing struggle to deliver quality planes in quantities.
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Message 2134799 - Posted: 13 Apr 2024, 8:19:58 UTC - in response to Message 2134795.  

I'm not a business economist. But I assume 'revenues' aren't profits.
High costs - labor - is what they will cut, because that is what every company cuts when faced with losses. It is always the single largest non-fixed cost. They offer their best and thus their highest paid generous severance because after all, there is no difference in human production units.
It's only 'Global services' which is profitable; presumably maintenance, parts, repairs.
Software and publications. This is ubiquitous monopoly products in essentially all aircraft from Airbus all the way down to kit built. And they are subscription products, with a 28 day lifecycle. It may also include full motion simulators.

As to parts, you have forgotten the previous CEO declared they don't build, they assemble. Sold off their parts divisions as parts. Suddenly they need to buy back the parts business.

As to maintenance all the airlines have their own maintenance facilities, except the micro who then subcontract the majors or independents for service.

Now Renton may refit cabins when seating layouts are changed because that is more major that the airlines want to do in their service facilities, but there are specialist companies to do that infotainment stuff.
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Message 2134837 - Posted: 14 Apr 2024, 21:34:59 UTC

Yet more Boeing shoddy sloppy uselessness?


Virgin Galactic countersues Boeing...

... “The quality of the IBR Boeing conducted was so poor that Virgin Galactic and Boeing agreed that Boeing was required to redo the review,” the complaint states. The second IBR was even worse, Virgin said, providing less than half of the required deliverables...



... And what else?

Another "Starliner"...?

Have Boeing enjoyed ANY successful projects in the last decade???


Fly safe???
Martin
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Message 2135119 - Posted: 24 Apr 2024, 15:27:05 UTC

Not unexpected I would say.

Boeing reports first revenue drop in 7 quarters as deliveries decline
April 24 (Reuters) - Boeing (BA.N), opens new tab on Wednesday reported its first quarterly revenue drop in seven quarters, but the U.S. planemaker beat Wall Street expectations that were lowered after a January mid-air blowout of a cabin door prompted it to slow production of its strongest-selling jets.
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Message 2135259 - Posted: 29 Apr 2024, 5:32:41 UTC

Software leads to two two Boeing jet tail strikes.
Fly by computer systems are the panacea.
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Message 2135272 - Posted: 29 Apr 2024, 12:15:54 UTC - in response to Message 2135259.  

Woah.. a really dangerous software issue. But it's outside Boeing's responsibility.
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Message 2135274 - Posted: 29 Apr 2024, 12:37:30 UTC - in response to Message 2135272.  

Boeing does have responsibility to ensure contracts with sub-contractors are watertight and monitored, and that any non-compliance (especially causing a safety risk) will result in significant consequences for the failing party.

And if American law doesn't recognise that duty, then it needs changing: it bloody well should.
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Message 2135276 - Posted: 29 Apr 2024, 12:59:44 UTC - in response to Message 2135274.  

Given recent third-party QA audits of Boeing I have my doubts that they do control their suppliers in an adequate manner.
Or.....
"Software - Isn't that the same as toilet paper or silk underwear?
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Message 2135277 - Posted: 29 Apr 2024, 14:15:13 UTC - in response to Message 2135272.  

Woah.. a really dangerous software issue. But it's outside Boeing's responsibility.

Yes, there doesn't seem to be any relationship between them https://www.dynamicsource.se/
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Message 2135287 - Posted: 29 Apr 2024, 20:12:03 UTC - in response to Message 2135277.  

What of Boeing's Flight Management Computer?

... And of the final load check from the load sensors on the landing gear to check the total mass?...


Procedures?...

Fly safe??
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Message 2135295 - Posted: 29 Apr 2024, 21:46:53 UTC

Tail strikes only happened to two Hawaii flights. Long flights, full fuel load, lots of baggage. Some kind of external flight planning software to speed up and automate flight preparation, collecting weight and balance data, independent of Boeing.
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Message 2135311 - Posted: 30 Apr 2024, 4:45:04 UTC

But was it Boeing's fault or just another airline's maintenance problem?

Missing emergency slide that fell off Delta flight found in front of house of lawyer whose firm is suing Boeing.

An emergency slide fell off a Delta plane while it was in the air on Friday morning, forcing forcing the Los Angeles-bound flight to return to New York’s JFK Airport.

The freak accident set off an emergency alarm around 8.30am local time aboard Flight 520, which had departed the Queens airport an hour earlier, sources told the New York Post.

The crew — who had reported a vibration, according to the US Federal Aviation Administration — had no choice but to return to JFK with no injuries reported.

However, two days later, the emergency slide was found washed up in front of the beachside house of a lawyer whose firm happens to be suing Boeing over safety issues, The Post has learned.....
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Message 2135314 - Posted: 30 Apr 2024, 5:38:11 UTC - in response to Message 2135311.  

This one is very much down to maintenance as the Boeing 767 has been out of production for a good few years.
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Message 2135406 - Posted: 2 May 2024, 19:58:05 UTC

Is it just bad luck being a whistleblower?

Months after a whistleblower died who raised concerns about the US jet maker another whistleblower has perished after a mystery illness.

A Boeing whistleblower who raised concerns about one of the carrier’s suppliers ignoring production defects died suddenly on Tuesday (US time) — just two months after another employee who sounded the alarm about the embattled company died by alleged suicide.

Joshua Dean, 45, a former quality auditor at Spirit AeroSystems, died on Tuesday morning from a fast-growing mystery infection, theSeattle Times reported.

Mr Dean, of Wichita, Kansas, had reportedly been in good health until about two weeks ago, when he was admitted to the hospital, the outlet reported.

However, by April 21 he was in “very critical condition,” and had tested positive for influenza B, MRSA, and pneumonia, the outlet said

He was intubated and put on dialysis before eventually being flown to another hospital in Oklahoma City.....
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Message 2135417 - Posted: 3 May 2024, 0:23:23 UTC

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Message 2135491 - Posted: 4 May 2024, 10:56:23 UTC - in response to Message 2135406.  

All very sad... And suspiciously so...

Maximus picks up the story with more of the background of the guy:



Act Of God Or Act Of Vengeance? 2nd Boeing WhistleBlower Dies SUDDENLY. How DID This Happen Again?



Judge for yourselves...

Whether 'random' chance, mafia hit, or an abused Judicial system gone rogue?

Or??


Fly safe?...
Martin
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Message 2135549 - Posted: 6 May 2024, 9:10:20 UTC

Boeing's problems are causing a ripple effect through the industry as calls for a course correction at the company increase.

Southwest Airlines Problems Paint Worrying Picture for Other Companies.

Southwest, one of the country's best-known airlines, is dealing with myriad problems as major aircraft manufacturer Boeing continues to face the music over numerous safety incidents on its planes.

The popular budget carrier announced a slew of operational changes in April after posting poor financial results in the first quarter of 2024. After making a net loss of $231 million, the airline announced it would cease operations at four airports and cut 2,000 jobs. In a previous statement made to Newsweek, a spokesperson for Southwest said the job cuts would be achieved through "attrition and other voluntary programs," and that the company is "not laying off or furloughing employees."

It seems that the issues are primarily down to the aircraft manufacturer Boeing, which has so far in 2024 undergone a Federal Aviation Authority (FAA) audit and a temporary grounding of all its 737 MAX 9 airliners—not to mention the monumental reputational damage done to one of the world's biggest aircraft producers.

"The recent upheaval at Boeing is sending shock waves through the airline industry," Matt Spooner, industry thought leader at Kinaxis, a supply chain management solutions firm based in Canada, told Newsweek.

Aviation, supply chain and business experts have told Newsweek that the problems at Boeing and Southwest could be an ominous sign for other airlines. Some of the problems go back decades in Boeing's case, with airlines now paying for arguably over-relying on a single manufacturer to fulfill orders......
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Message boards : Politics : Boeing: Profits 1st, Safety 2nd? (Part 3)


 
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