FT News Briefing Can Boeing get back on track?
Jan 9, 2024
Boeing shares plummet after a mid-flight incident raises concerns about safety and inspections. The podcast dives into the ongoing production struggles that could shift the aerospace industry landscape if Boeing falters. Meanwhile, Afghan women and girls cleverly navigate Taliban restrictions to access online education, showcasing resilience amid oppression. Biden also urges Israel to rethink its military approach in Gaza, adding another layer of complexity to international relations.
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Boeing Under Pressure
- Boeing faces renewed pressure after a recent mid-flight incident involving a 737 MAX aircraft.
- The incident's cause remains uncertain, with possibilities ranging from design flaws to maintenance issues.
Production Issues
- Post-COVID production issues in the aerospace industry, including staff shortages and quality control problems at Boeing supplier Spirit AeroSystems, might have contributed to the incident.
- These ongoing struggles add to a perception that Boeing is facing difficulties in its manufacturing processes.
Duopoly at Risk
- Boeing's continued struggles, including the 2018-2019 MAX crashes, have allowed Airbus to gain market share.
- If Boeing cannot recover, the aerospace industry's duopoly could end, affecting pricing power, jobs, and the U.S. economy.