Boeing Knew About Safety-Alert Problem for a Year Before Telling FAA, Airlines

They screwed up the MAX so badly.

They need to fix this ASAP or risk their reputation.

Hello Airbus I need to order 200 planes ASAP

I doubt that he stock will slide much. Boeing is a cash cow and investors don’t really give a shite if people die when they more than doubled stock value in the last 5 years.

Hell, a month ago, right after a really negative hit piece came on Boeing, their stock was up huge and actually one of the biggest influencers on the market that day

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If you hadn’t dumped that stock, better hurry up and do it now

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the market doesn't care much about this news

Isn’t the head of the FAA a former Boeing exec?

We love our crony capitalism, don’t we folks? Very swampy indeed.

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It will if/when the FAA and/or foreign aviation regulators refuse to re-certify the MAX and start questioning the airworthiness of other new Boeing planes.

It *probably* won’t happen but I’d be jittery if I’m a stock holder.

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I added this stock to my watchlist the day the crash happened, hoping for a huge drop so I could buy in. But it never came. Yeah there was a mid 10s% drop, but considering what happened and it was the second one in a few months, I expected a much bigger drop.
shite there were a lot of companies last week drop much worse just because they missed quarterly estimates.

All that to say, I wouldn't expect anything to cause a massive market overreaction to BA at this point.

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If you hadn’t dumped that stock, better hurry up and do it now

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Huh?....if Boeing drops in value it is a no brainer to buy.

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Isn’t the head of the FAA a former Boeing exec?

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You tell me

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Daniel K. Elwell
Acting Administrator

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photo of Daniel K. ElwellDaniel K. Elwell is the Acting Administrator of the Federal Aviation Administration (FAA). In this capacity, he is responsible for the safety and efficiency of the largest aerospace system in the world — a system that operates more than 50,000 flights per day. He oversees a $16.4 billion-dollar budget, more than 47,000 employees, and is focused on ensuring the agency and its employees are the best prepared and trained professionals to meet the growing demands and requirements of the industry. Mr. Elwell also oversees the FAA's multibillion-dollar NextGen air traffic control modernization program as the U.S. shifts from ground-based radar to state-of-the-art satellite technology.

Prior to serving as Acting Administrator, Mr. Elwell was the Deputy Administrator of the FAA. President Trump announced the appointment of Mr. Elwell as the Deputy Administrator in June 2017 and he was sworn in to office on June 26, 2017.

Elwell previously served at the FAA as the Assistant Administrator for Policy, Planning, and Environment from 2006-2008. Most recently, he was Senior Advisor on Aviation to U.S. Secretary of Transportation Elaine L. Chao. Earlier in his career, he served as a legislative fellow for the late Senator Ted Stevens (R-Alaska).

From 2013-2015, as Senior Vice President for Safety, Security, and Operations at Airlines for America (A4A), Elwell was responsible for leading the advancement of commercial aviation safety and security excellence for major U.S. air carriers.

Prior to A4A, Elwell was Vice President of the Aerospace Industries Association (AIA) from 2008-2013. In this role, Elwell represented civil aerospace manufacturers and led policy development and advocacy for the civil aerospace manufacturing interests of more than 300 AIA member companies.

Elwell was a commercial pilot for 16 years with American Airlines, flying DC-10, MD-80, and B-757/767 aircraft. While maintaining his proficiency as an MD-80 Captain, he served as Managing Director for International and Government Affairs at American Airlines.

Dan earned his pilot wings at Williams Air Force Base in Arizona after graduating from the U.S. Air Force Academy with a Bachelor of Science degree in International Affairs. Lieutenant Colonel Elwell retired from military service as a Command Pilot with more than 6,000 hours combined civilian and military flight time in the U.S. Air Force and U.S. Air Force Reserve, including combat service during Operation Desert Storm.

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investors don’t really give a shite if people die when they more than doubled stock value in the last 5 years

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Watch how quickly they care when those profits are eaten up by defense costs and payouts.