The Intelligence from The Economist Flying stop: Boeing
Mar 12, 2019
The recent Boeing 737-MAX crashes raise urgent safety concerns and have led to major fleet groundings, especially in China. Protests in Russia highlight the challenges President Putin faces in controlling media as citizens turn to the internet for truth. Meanwhile, rising divorce rates among women in Bangladesh reflect changing societal norms and attitudes toward marital independence. The stigma attached to divorce is examined alongside the evolving expectations of women, revealing a complex landscape of personal and cultural transformation.
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Boeing's Impact on China
- Boeing plays a significant role in China's aviation market, roughly equal to Airbus.
- China, prioritizing its improved air safety record, grounded its Boeing 737 MAX fleet after two crashes.
737 MAX Development
- Boeing developed the 737 MAX as a response to Airbus's A320neo, a more fuel-efficient aircraft.
- The 737 MAX was meant to be a stopgap update to compete with Airbus, not a completely new plane.
Financial Implications for Boeing
- The Boeing 737 MAX is crucial for the company's revenue, potentially representing up to three-quarters.
- Grounding these planes could severely impact Boeing's finances and other projects like the 777X.