Is Boeing too big to fail?

  • 📰 YahooSG
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 71%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

Founded 103 years ago, Boeing employs more than 150,000 people around the world, with a vast majority in the United States.

The grounding of the 737 MAX for more than four months after two deadly accidents has tarnished Boeing's reputation, but it still has the confidence of US policymakers.

"Boeing is one of the engines of the US economy, it's way too big and too important for the United States," said Michel Merluzeau, an expert at Air Insight Research.If American politicians were to attack the manufacturer, they would be shooting themselves in the foot, Merluzeau said, because"there are many jobs involved, a very, very numerous supply chain and it cannot be replaced with Facebook or Google that don't produce anything tangible.

The location of Boeing plants resembles a political campaign map, with facilities in Republican strongholds like Alabama, South Carolina and Texas, and Democratic areas like California and Washington, as well as states that helped Trump win the election: Pennsylvania and Arizona.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

For Airbus, capitalizing on Boeing's woes is challengingWith its main rival hobbled by the worldwide grounding of a top-selling jet, Europe's Airbus could seem poised to emerge as the undisputed global aerospace leader. Airbus has overtaken the American giant Boeing in some key benchmarks in 2019. 'Airbus is a winner only at the margins,'
Source: YahooSG - 🏆 3. / 71 Read more »

Is Boeing too big to fail?NEW YORK: The grounding of the 737 MAX for more than four months after two deadly accidents has tarnished Boeing's reputation, but it still has ... Unsure about the fail part. Given the recent track record, it's not too big to fall. Depends on who you are asking.... Nope, at all.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Is Boeing too big to fail?NEW YORK: The grounding of the 737 MAX for more than four months after two deadly accidents has tarnished Boeing's reputation, but it still has ... Unsure about the fail part. Given the recent track record, it's not too big to fall. Depends on who you are asking.... Nope, at all.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Ahead by a century, US storms to 100 Pan Am medalsThe United States needed only one week to hit the medal century mark at the Pan Am Games on Friday while Canada shot up the table into second ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US, Canada need to open eyes to Pan Am GamesThe United States and Canada need to open their eyes to what is happening outside their own borders if the Pan American Games is to get the kind ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Football: MLS bans Torres for 10 matches over failed drug testMajor League Soccer on Friday said that it was suspending Panamanian Roman Torres for 10 games after the Seattle Sounders defender tested positive ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »