This week several important issues emerged with the announcement of a staggering $12 billion loss for Boeing. Today, we will cover the news and implications about the NMA, the New Middle of the Market Airplane.
Boeing’s stock rose on Wednesday amid rumors that the company may finally launch the NMA airplane to compete with the A321neo family that has been outselling the larger 737MAX variants by a 5:1 margin. This market gap has been a key area in the 10 percent market share shift that has occurred from Boeing to Airbus, which will be costly to re-gain.
Tuesday, David Calhoun met with aviation experts and indicated that the company is moving forward with the “New Midsize Aircraft”or “797” despite the pandemic and historic financial losses the company has endured.