Boeing and its investors could lose tens of billions of dollars after it was revealed in mid-october that it had discovered a system problem with the 737MAX, according to Wall Street analysts. Two analysts at ubs and credit suisse have reportedly downgraded Boeing's credit rating and lowered their target price for Boeing shares by $95, potentially reducing the company's total value by $53 billion. Several senior executives at Boeing have resigned, sources said.
One user posted a GIF of an ostrich burying its head in the sand. When confronted with danger, ostriches bury their heads in the grass, thinking that they are safe because they cannot see (though some say this is a misunderstanding). Later, psychologists called this negative attitude "ostrich mentality".
On June 2, 2019, the federal aviation administration (FAA) disclosed new problems with Boeing aircraft, saying that more than 300 grounded 737MAX models and older 737 aircraft may contain improperly made parts, and the agency required Boeing to replace these parts immediately.
(Picture Source:Baidu)
After the FAA's announcement, Boeing said in a statement that it had not been notified of the problem with the leading edge slits guide in active aircraft. But it has identified the parts most likely to fail on the 20 737MAX planes, and Boeing will continue to inspect another 159. At the same time, there are 21 737NG models that may have suspicious components, and Boeing is advising airlines to inspect the remaining 112 NG models.
Boeing is the world's largest aerospace company and the world's leading manufacturer of civilian and military aircraft. In addition, Boeing designs and manufactures rotorcraft aircraft, electronic and defense systems, missiles, satellites, launchers, and advanced information and communications systems. As NASA's main service provider, Boeing operates the space shuttle and the international space station. Boeing also provides a wide range of military and civilian support services to customers in 150 countries. Boeing is one of the largest exporters in the United States in terms of sales.
In September 2008, Boeing found that fasteners on Boeing 777 aircraft did not meet faa safety standards. A month later, the faa opened an investigation and gave Boeing 20 business days to respond. Although Boeing has submitted several rectification plans since then, they have not been implemented. It wasn't until November 2010, more than two years after the problem was first identified, that Boeing finally solved the problem. Transportation secretary Anthony foxx said in a statement that safety is a top priority and that aircraft manufacturers must take prompt and thorough steps to correct safety problems once they are identified. Boeing has 30 days to respond to the penalty, the statement added. According to foreign media, Boeing is under increasing pressure. Customers are demanding cash compensation for damage to their grounded 787 dreamliner because of battery fires. Japan's all Nippon airways, the 787's biggest customer, is demanding cash compensation from Boeing, rather than a future purchase discount, to compensate for the grounding since mid-january, according to people familiar with the matter who spoke on condition of anonymity. A senior government source in India also said the state-run air India would take the same stance, demanding a direct cash refund. Several airlines, including Qatar airways and lot, have filed claims against Boeing. All 50 Boeing 787 dreamliners put into service around the world in the second half of 2011 were grounded by regulators after two battery failures in the United States and Japan. Following the grounding in Japan and the us, the European aviation safety agency and air India have announced the temporary grounding of Boeing 787. On July 26, 2013, the federal aviation administration (faa) issued a statement saying that Boeing was planning to fine the company $2.75 million for violating safety regulations by taking two years to correct fastener problems in its 777 aircraft.
This is a very diverse, talented and innovative company. More than 123,000 employees have college degrees, and they come from about 2,700 universities around the world, covering almost all fields of business and technology. Boeing attaches great importance to leveraging the talents of thousands of suppliers around the world who are creative and contribute to the success and progress of Boeing products and services. In July 2016, Boeing ranked no. 61 on the Forbes global 500 list, leading the aviation industry. Chinese President xi jinping visits Boeing's commercial aircraft factory in Seattle, Sept. 23, 2015. This is xi jinping's speech at the welcome ceremony held by Boeing. Xi pointed out that Boeing is a supporter, participant and promoter of china-us economic and trade cooperation and has played an important role in the development of bilateral relations. The cooperation between Boeing and China is a model of mutually beneficial economic and trade cooperation between China and the United States. Big rivers are full and small ones are full. When china-us relations develop well, there will be better conditions for us enterprises to cooperate with China. It is hoped that Boeing will further enhance the level of cooperation with China and make more contributions to china-us economic and trade cooperation and the development of bilateral relations.
It is unusual for the faa to impose heavy penalties after nearly three years of correction by Boeing. Perhaps it hints that the faa will take a tougher line on enforcing safety standards. The federal aviation administration has been accused by the national transportation safety board of lax oversight after a series of safety incidents on the Boeing 787 since 2013.
"Boeing is deeply saddened to learn of the death of the passengers and crew on Ethiopian airlines flight no. 302, the Boeing 737 MAX 8," the company said in a statement. We extend our sincere condolences to their families and loved ones and stand ready to provide support to Ethiopian airlines. Boeing's technical team will be ready to provide technical support under the guidance of the national transportation safety board.
