Boeing closes plants: aviation giant may not survive coronavirus


Adepts of the liberal economic theorists, arguing about the “invisible hand of the market”, are very fond of citing Boeing as an example of a successful capitalist company, which must be looked at. Say, here he is, an effective private owner who “cuts money” without the help of the state, pays his employees large salaries and puts them on the shoulders of competitors. Work like a Boeing and you won’t be a loser like others.


The problem is that right now this private corporation needs $ 60 billion for a banal survival. And she will ask them from the "inefficient state", which will give money to the "effective owners", rest assured.

And where to go? Boeing is a symbol of US technological power, one of the two largest manufacturers of aviation, military and space equipment, the largest American exporter and largest employer of the northwestern region of the country. Last month, President Trump expressed his willingness to help the corporation in the amount of $ 60 billion. Her leadership responded enthusiastically, transparently hinting that the White House has no special options:

We greatly appreciate the support of the president and administration for the 2,5 million jobs and 17 thousand suppliers that Boeing needs to remain the main exporter of the United States. We look forward to working with the administration and Congress.


It is understandable that the bankruptcy of such a "corporate monster", the dismissal of employees and the breakdown of production chains will, to put it mildly, not the best advertisement for President Donald Trump, who is going to be re-elected in November with the slogan "Let's make America great again."

Now it’s very fashionable to blame all the problems on the coronavirus, however, Boeing had problems long before the pandemic, and the company’s management cannot blame anyone except themselves.

The financial well-being of the aircraft manufacturer was crippled by the infamous Boeing 737 MAX project, which killed 346 people in two disasters. The already sold 393 winged cars have been idle for a whole year. Since the corporation did not stop production, another 400 aircraft were added to them, which are located at the production shops due to the inability to transfer them to customers. Given the average cost of one liner of 28-35 million dollars, about $ 12 billion has been withdrawn from the corporation's turnover.

But this is far from all the problems. Air carriers demand compensation from Boeing for their losses. The exact figures were not disclosed, but experts noted that the balance sheet of American Airlines, which bought only 24 liners, last year simultaneously increased by $ 540 million. If these half a billion were paid for 24 aircraft, then you can figure out how much the 393 dubious winged vehicles will cost the aircraft manufacturer.

It smells like kerosene. And then there is the coronavirus pandemic, due to which the volume of air traffic and the demand for new aircraft fell sharply. Shares of the largest American exporter fell from 350 to 124 dollars apiece. On March 25th, production at Seattle's largest assembly plant in Seattle was halted and the measure was extended the day before. In the state of Philadelphia, a helicopter manufacturing company is temporarily closed, which is engaged in the production of H-47 Chinook helicopters and V-22 Osprey convertiplanes for the US Army. Since April 6, aircraft manufacturing plants in Everett and Renton have been closed, where the most popular Boeing 747, 767, 777 and 787 Dreamliner models are assembled.

The affairs of the corporation are bad and the American giant may not survive the current situation. But for some reason, she does not intend to cope on her own. Boeing owners expect $ 60 billion from the state to solve their problems. And they will receive it.
Photos used: https://pixabay.com/
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  1. mor7d Offline
    mor7d (mor7d) April 7 2020 12: 03
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    Adherents of liberal economic theory, arguing about the "invisible hand of the market", are very fond of citing Boeing as an example of a successful capitalist company, which we must look up to

    The adherents are apparently right. No one can reach Boeing. Pathetic attempts to belittle the success of this company.
    1. Lieutenant Rzhevsky I April 7 2020 12: 11
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      Quote: mor7d
      No one can reach Boeing.

      Steep dive: Boeing could not sell a single aircraft.
      But then take. Really, lad? How are you screaming? Good luck!
      1. mor7d Offline
        mor7d (mor7d) April 8 2020 10: 50
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        Boeing could not sell a single aircraft

        Do not read Soviet newspapers. Boeing could not sell a single aircraft of a single problem type, yes, but the rest of the aircraft sold normally.
        1. Evgeny Zhevlonenko (Evgeny Zhevlonenko) April 8 2020 20: 00
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          737 makes up 55 percent of the total output of 456 out of 740 pieces, the Dreamliner has been discontinued, and Boeing is not doing very well. 737 This is the most running model. This is the same as Apple abandoning the iPhone.
    2. Smirnoff Offline
      Smirnoff (Victor) April 7 2020 16: 08
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      Boeing closes factories: - The US aviation giant will not be able to survive the coronavirus.
      The Pentagon coronavirus SARS-CoV-2 will KILL and bury Boeing under the wreckage of a global epidemic in the United States.
      SARS-CoV-2 ordered the US aviation giant to maneuver “long and hard” between the hammer of the crisis and the collapse of the anvil.
    3. 123 Offline
      123 (123) April 8 2020 16: 10
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      The adherents are apparently right. No one can reach Boeing. Pathetic attempts to belittle the success of this company.

      In some ways you’re right, the Boeing is flying so deep .... well, this one, it’s there, yes but no words request that soon it will be difficult to reach.
      In general, success in this matter, we, if anything, will be sad. crying however, not for long. drinks
      Generally. fly Aeroflot airplanes. A holy place is never empty. We will sadly replace imported products. good
      American citizens, do not let your hard-earned savings be spent on supporting oligarchs. laughing
  2. Marzhecki Offline
    Marzhecki (Sergei) April 7 2020 12: 15
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    Quote: mor7d
    The adherents are apparently right. No one can reach Boeing. Pathetic attempts to belittle the success of this company.

    By the way, this company has long and tightly sits on government subsidies. Examine the question.
    1. mor7d Offline
      mor7d (mor7d) April 7 2020 12: 33
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      this company has long and tightly sits on government subsidies

      Maybe, but it's not for me, it's for the author of the article.
      1. 123 Offline
        123 (123) April 8 2020 16: 12
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        Maybe, but it's not for me, it's for the author of the article.

        You do not cease to please us. laughing good
  3. Marzhecki Offline
    Marzhecki (Sergei) April 7 2020 12: 40
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    Quote: mor7d
    this company has long and tightly sits on government subsidies

    Maybe, but it's not for me, it's for the author of the article.

    I am the author of the article. And I will further explain this to you. Boeing does not belittle anyone. You just need to understand that this company, such as "private", sits on the neck of the state and solves its problems with competitors with the help of the state.
  4. Rus Offline
    Rus April 7 2020 14: 58
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    God forbid! What will we fly on? What about MS?
    1. 123 Offline
      123 (123) April 8 2020 16: 17
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      God forbid! What will we fly on? What about MS?

      On it, darling. yes

      1. Arkharov Offline
        Arkharov (Grigory Arkharov) April 8 2020 17: 54
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        Fair wind ...
  5. Smirnoff Offline
    Smirnoff (Victor) April 7 2020 15: 24
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    Boeing owners expect $ 60 billion from the state to solve their problems. And they will get it ???

    Yes, they will! TYPE green candy wrappers. Not the first time! The machine is already printing.
    And what's the point, and what will it give them ???
    When the Pentagon coronavirus SARS-CoV-2 KILLS hundreds of thousands of Americans and will work, SOME !!! Someone will work !!! That's the trouble with the whole US economy right now !!! All projects of Boeing Corporation, overnight, at the behest of the Pentagon's coronavirus, were covered with a copper democratic basin. The virus is stuck in the US for a long time! For a long time. And the United States will not have a way back to the recent past. All US industries in a total CRISIS. Slowly, but SURE the USA is sinking!
    You and I are witnessing the collapse of American criminal democracy and its economy.
    1. Arkharov Offline
      Arkharov (Grigory Arkharov) April 7 2020 17: 37
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      Are you a living person, or a bot? Living can’t always carry such garbage?
      1. 123 Offline
        123 (123) April 8 2020 16: 18
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        Are you a living person, or a bot? Living can’t always carry such garbage?

        Why not? You somehow manage. yes
        1. Arkharov Offline
          Arkharov (Grigory Arkharov) April 8 2020 17: 53
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          Yes, I’m a robot, there’s already one like that. Only, it seems, with a virus in the program, it carries constantly utter bullshit.
    2. mor7d Offline
      mor7d (mor7d) April 8 2020 10: 55
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      TYPE green candy wrappers. Not the first time! The machine is already printing

      Of course they will. Everyone does this and the Russian Federation is no exception.
  6. shadow Offline
    shadow April 8 2020 16: 41
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    Bobby died.
  7. Alexander Semenov (Alexander Semenov) April 9 2020 17: 31
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    Due to defense orders, the Boeing will come out, don’t worry so much, everything will be fine with them, there are still a lot of candy wrappers ...