Bowing bought macdonald douglas, but many people in wall street viewed the management as effectively gutting the executive teams at bowing. Bowing also just took out massive amounts of debt to make the purchase. It was was strategically unsound move, i think, to begin with. And it did a lot of which was an excellent airplane by allan mlali.
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In 2019, Airbus surpassed for the first time Boeing as the largest aerospace company in the world, as two crashes of Boeing’s 737-Max airplane forced a grounding of the fleet and a halt in sales, eventually costing it $20 billion in associated fines and delays. While Boeing maintains a relatively strong overall safety record as measured by crashes per million departures, the production problems with the 787 Dreamliner in the mid 2010s and the recent 737 debacle has cast some doubt as to the management and engineering practices at the century-old American icon of industry. Tonight we delve into the roots of what made the company as successful as it was, as well as some of the key events that arguably led to its current troubles that date back well into the 1990s and beyond.
