Boeing HQ
Todays key stories focus on the crisis at Boeing from multiple perspectives. One wonders if the company will “make it out alive,” another that “incompetence could surrender the skies to China,” and another stating “Spirit is only the start of its problems.” The opinion pieces are becoming increasingly critical of Boeing’s performance and the outlook for a turnaround, given the number of issues that need resolution.
A story explaining how a plea deal could impact the ability of the company to qualify for government contract could have a major impact on the defense business. Is this an impetus for a spin-off of the former McDonnell units? Another story wonders whether the Spirit AeroSystems acquisition could restore trust, while another properly values the transaction at $8.3 billion including absorbed debt, quite different than the $4.7 billion in stock number that was widely reported.
Speaking of the Spirit takeover, Unite, the Union representing workers across the Atlantic are concerned about Spirit jobs, with a communique.
Finally, with the sensationalist story of the day, another severe turbulence incident caused 30 injuries and interior aircraft damage, but made a safe landing on a flight from Spain to Uruguay.
Links to today’s key stories follow:
- The Boeing crisis: will the company make it out alive? – invezz
- Explainer – How a Boeing plea deal could affect the planemaker – Investing
- Opinion: The west’s incompetence could surrender the skies to China – Sydney Morning Herald
- For Boeing, buying Spirit is only the start of its problems – Forbes
- Can Boeing’s Spirit AeroSystems acquisition restore trust? – Yahoo
- Boeing buys back component manufacturer Spirit for $8.3 billion – Australian Aviation
- Concerns Spirit AeroSystems jobs under threat after Boeing takeover – Unite
- Boeing plane makes emergency landing after turbulence injures 30 – Daily Record
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