philidor
in service - 6 years
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Post by philidor on Sept 26, 2014 12:54:51 GMT 1
I feel that me miss threads for wide-ranging discussions, and created this one to discuss Boeing's general situation. I'll start with a link to a surprising analysis by Richard Aboulafia who, for once, lambasts Boeing for their industrial relations under Mc Nermey's tenure. richardaboulafia.com/shownote.asp?id=416Most of us already were aware of the situation, but Aboulafia makes it look even worse than I would have imagined. |
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s543
in service - 2 years
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Post by s543 on Sept 26, 2014 23:52:37 GMT 1
It is surprising that Aboulafia kicks into Boeing - it is really against regular attitude.
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s543
in service - 2 years
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Post by s543 on Jan 26, 2015 16:11:02 GMT 1
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Baroque
in service - 2 years
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Post by Baroque on Apr 22, 2015 17:33:26 GMT 1
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Post by peter on Apr 24, 2015 16:05:49 GMT 1
United Airlines ditches ten 787's and replaces them with 777-300ER's LINK |
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Baroque
in service - 2 years
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Post by Baroque on Jun 23, 2015 22:35:36 GMT 1
Muilenberg to replace McNerney as CEO. leehamnews.com/2015/06/23/muilenburg-becomes-boeing-ceo-mcnerney-non-executive-chairman-and-leaves-a-mixed-legacy/I know it was going to happen sooner or later but didn't think it was going to happen this soon. Also, like I mentioned sometime before, the leeham article notes that McNerney fostered a closer relationship between Boeing and his former company GE leading to exclusivity contracts on the 777 and the 737. Wonder if this will continue on new/updated aircraft projects when McNerney goes for good. The MOM market appears to be limited to go dual source on engines, and will Boeing run a "competition" this time for real, should the project go through?  |
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Post by stealthmanbob on Jun 23, 2015 23:33:55 GMT 1
Muilenberg to replace McNerney as CEO. leehamnews.com/2015/06/23/muilenburg-becomes-boeing-ceo-mcnerney-non-executive-chairman-and-leaves-a-mixed-legacy/I know it was going to happen sooner or later but didn't think it was going to happen this soon. Also, like I mentioned sometime before, the leeham article notes that McNerney fostered a closer relationship between Boeing and his former company GE leading to exclusivity contracts on the 777 and the 737. Wonder if this will continue on new/updated aircraft projects when McNerney goes for good. The MOM market appears to be limited to go dual source on engines, and will Boeing run a "competition" this time for real, should the project go through? If Boeing does go for the MOM project, which I think they should, as the B757 is great at what it does, and they still have the jigs they should do an B757neo - the wings are high enough for the more efficient newer engines. But The volume for the no. of aircraft needed In the segment means it should be a one engine mfg option only ! |
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Jun 24, 2015 7:23:54 GMT 1
Mc Nermey's departure happens sooner than expected. I would like to know what triggered it ... I cannot help thinking it could be the need to paint a less rosy picture of Boeing's situation than has been done for years.
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Baroque
in service - 2 years
Posts: 3,991
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Post by Baroque on Jun 24, 2015 16:55:03 GMT 1
Mc Nermey's departure happens sooner than expected. I would like to know what triggered it ... I cannot help thinking it could be the need to paint a less rosy picture of Boeing's situation than has been done for years. One might wonder if Boeing's stock price has peaked and is looking at a slight downturn for the next few years. So far, it's creative accounting system seems to have provided a rosy picture to shareholders. For the next few years, the reality of the situation might become too difficult to massage into their financial reports. That Boeing was asking customers for more "advance payments" spells of downright desperation to cover their cashflow shortfalls. The 777 classic line is looking at a rate cut and whatever that was sold is heavily discounted as well. On top of that the 787 programme is yet to reverse the ballooning deferred costs and it doesn't look like it will happen at the end of this year like projected. And then, the narrowbody + MOM strategy...very difficult decisions lie ahead and so it's all passed on to Muilenberg now. McNerney will probably be breathing a sigh of relief. |
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Post by stealthmanbob on Jun 24, 2015 18:17:38 GMT 1
Mc Nermey's departure happens sooner than expected. I would like to know what triggered it ... I cannot help thinking it could be the need to paint a less rosy picture of Boeing's situation than has been done for years. One might wonder if Boeing's stock price has peaked and is looking at a slight downturn for the next few years. So far, it's creative accounting system seems to have provided a rosy picture to shareholders. For the next few years, the reality of the situation might become too difficult to massage into their financial reports. That Boeing was asking customers for more "advance payments" spells of downright desperation to cover their cashflow shortfalls. The 777 classic line is looking at a rate cut and whatever that was sold is heavily discounted as well. On top of that the 787 programme is yet to reverse the ballooning deferred costs and it doesn't look like it will happen at the end of this year like projected. And then, the narrowbody + MOM strategy...very difficult decisions lie ahead and so it's all passed on to Muilenberg now. McNerney will probably be breathing a sigh of relief. I bet McNerney or McNermey ? Won't be to worried, I guess a good pension is in order PS I still think they better get on with the MOM option ASAP. |
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