Big Take How Trump and Musk Are Testing Boeing’s Path to Recovery
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Jan 29, 2025 Julie Johnsson, Bloomberg's senior aerospace reporter, dives into Boeing's rocky journey to recovery amidst political pressures. She discusses the new CEO's efforts to regain public trust while contending with President Trump’s demands for new Air Force One jets. Johnsson highlights Boeing's ongoing quality control issues and financial struggles, revealing how Elon Musk's involvement complicates matters further. The conversation sheds light on the intricate relationship between Boeing and key political figures, making for a compelling examination of the aerospace industry.
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Trump's Plane History
- Trump, a self-proclaimed "plane guy," has a long history with Boeing, even owning a fleet of their jets.
- As president, he negotiated a new Air Force One contract, boasting about saving $1.7 billion.
Air Force One Delays
- The Air Force One project, overseen by Boeing CEO Kelly Ortberg, is facing significant delays and cost overruns.
- To cut costs, some features, like mid-air refueling, were removed.
Musk and Ortberg Meeting
- Elon Musk, Boeing's competitor and head of government efficiency, met with Ortberg at a Boeing facility in Texas.
- Both later flew to Florida, near Trump's Mar-a-Lago resort, highlighting the intertwined relationships.