There were a number of headlines yesterday related to the MAX. With this being May 1st, perhaps Boeing should issue a mayday call, as the program seems to attract more bad news daily. The thread that weaves through these stories is a loss of trust in the MAX aircraft and Boeing.
It is amazing how many issues on the 737MAX can be raised in a 24 hour period since yesterday. Clearly, Boeing’s addition of $5 billion to cash provides a cushion against the cash flow issues associated with a mounting level of both finished goods and parts inventories.