Dreamliner is delayed…again

Tom Dougherty, CEO – Stealing Share

23 June 2009

Boeing should be careful who they rely on to pay their bills

Time to rag on airlines again. However, just for a change, let’s rag on Wall Street as an airline surrogate.

Today, shares in Boeing took a big hit because they announced the delay, for the fifth time, of the unveiling of the Dreamliner, the new composite aircraft that Boeing is betting its future on.

Instead of asking how are the airlines, who can’t seem to figure out how to make a profit, are going to pay for those planes, Wall Street is worried that it is not on time.

A spokesman for Boeing said today, “Obviously, we are all anxious to see this airplane fly, but it’s important that it flies when it’s ready to fly and when we have high confidence in what we can accomplish with it in flight tests,” said Scott Carson, chief executive of Boeing Commercial Airplanes on a conference call with analysts and reporters.

They needed to explain that to investors?

Personally, if I were Boeing, I would be in no hurry to get this plane off the ground because, once it’s ready, the airlines won’t be able to pay for it. Would you accept an IOU from any domestic US carrier? I would not trust them to pay for lunch let alone pay for an order. (That is, once the plane can actually fly.)

See more posts in the following related categories: American Airlines Boeing Delta Airlines Southwest Airlines United Airlines US Airways


Submit a Comment

Your email address will not be published. Required fields are marked *

Facebook branding now means Big Brother

  Facebook branding   Tom Dougherty, CEO - Stealing Share 12 June 2019 Facebook branding now means Big Brother I am not going to say that Facebook branding is completely failing. It's just taken on a whole new meaning.Data suggests that Facebook usage and...

Mercari pummels Craigslist with simplicity

  Mercari and simplicity   Tom Dougherty, CEO - Stealing Share 11 June 2019 Mercari pummels Craigslist with simplicity Before I get to Mercari, let me say a few words about Craigslist. There was a portion of my life where I fully embraced the world of...

Share This