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What Happened to Boeing? 

Bloomberg Originals
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Once the pride of American aviation, Boeing keeps making headlines for the wrong reasons. Five years ago, two of its new 737 Max planes crashed, killing 346 people. Since then, a series of CEOs have struggled to regain the trust of regulators and the public. After a panel blew off a plane in January, US officials ordered a limit on 737 Max manufacturing. While intended to focus Boeing on safety, right now it means summer travel may be in for some turbulence. In this Bloomberg Originals mini-documentary, we explain why.
Read more on Bloomberg: www.bloomberg.com/news/articl...
FAA Probes Titanium With Fake Documents Used by Airbus, Boeing: Read more on Bloomberg -- www.bloomberg.com/news/articl...
#Boeing #Business #Bloomberg
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13 июн 2024

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Комментарии : 151   
@business
@business Месяц назад
Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: www.bloomberg.com/subscriptions?in_source=RU-vidOriginals
@ravenmooore
@ravenmooore Месяц назад
where's the whistleblower part? :P
@OfFiCiAl_CaRgO
@OfFiCiAl_CaRgO Месяц назад
Exactly
@dr.eldontyrell-rosen926
@dr.eldontyrell-rosen926 Месяц назад
@@OfFiCiAl_CaRgO They "killed" that part of the script.
@rmgeneral8554
@rmgeneral8554 Месяц назад
Why are you asking this? it is completely illogical as it will not help them make any money.
@basophil9178
@basophil9178 Месяц назад
found dead during editing
@jaycho6747
@jaycho6747 Месяц назад
They died.
@michaelsmith953
@michaelsmith953 Месяц назад
imagine spending the cost to develop 2 new planes from scratch purely to buyback your own stock and then wondering why you're not able to compete anymore on technology
@captiannemo1587
@captiannemo1587 Месяц назад
and there's the heart of it...
@UserMum7512
@UserMum7512 Месяц назад
A company is never too big to fail, period.
@adiintel1
@adiintel1 Месяц назад
what are you talking about all the major banks except lehmans got bailed out and bonuses in 08 and 09 with (TARP) so a company that is to big to fail cant fail especially with a central bank at the core of the structure.
@narutotube1996
@narutotube1996 20 дней назад
@@adiintel1yeah they failed and was bailed out.
@anthonywalsh2164
@anthonywalsh2164 Месяц назад
“Insatiable demand…. Most important moment in Boeing’s life.” Unbelievable, 346 dead for the CEO to speak like this. Obviously the culture hasn’t changed.
@conreo
@conreo Месяц назад
Two whistleblowers ☠️ by Boeing executives...
@dr.eldontyrell-rosen926
@dr.eldontyrell-rosen926 Месяц назад
Boeing execs DO NOT f around. (Those stock buybacks cost $)
@chaitanyarao5546
@chaitanyarao5546 21 день назад
Can’t make buybacks without deleting some whistleblowers
@Apenschi
@Apenschi Месяц назад
MBAs destroyed a lot of companies by not listening to engineers, customers or anyone else who knows more than numbers and stock prices!!
@yaxleader
@yaxleader Месяц назад
It's actually been Engineer CEOs (starting with Jack Welsh) that have caused this.
@1986verity
@1986verity Месяц назад
Boeing CEOs were engineers. The problem is not that simple
@shaunsensei6948
@shaunsensei6948 Месяц назад
Average engineer hating on business people. I hope you know the CEOs were engineers.
@mr_vvs
@mr_vvs Месяц назад
@@shaunsensei6948 sure he was an engineer by training, but he was much more profit and stockholder value focused than valuing safety and innovation. Those CEOs / COOs after the McDonald Dougless set the tone and changed the culture. Furthermore, many of the actual engineers working on the 737 Max complained about management and production pressures. Read the reports, and you will learn business people systematically caused these issues
@sonusmeister2325
@sonusmeister2325 Месяц назад
Since when stonecipher, mcnurney, and muilenburg worked as an engineer?
@NK-iw6rq
@NK-iw6rq Месяц назад
My cousin used to work for Boeing and he tells me the scandal is much worse than most people realize.
@mrrolandlawrence
@mrrolandlawrence Месяц назад
sure is. ever see a 737-800 do a hard landing? notice how it always breaks up into 3 chunks. 1st section always breaks off behind the cockpit and the tail. usually the same frame numbers. then check out any other aircraft.
@ge3neva
@ge3neva Месяц назад
Bloomberg talking about late stage capitalism too now? Jesus, talk about a zeitgeist
@PluetoeInc.
@PluetoeInc. Месяц назад
well it's kinda funny coz bloomberg as of this moment is completely sold on china , I would be completely unsurprised if there is something going on with Bloomberg and CCP after all the PR attacks on India and US & if you see their videos on china vs their videos on US or India , you can really see the tone behind those words , you really need a bias to be sensitive to and catch it (there are moments where it's not even that subtle) .
@MariaRodriguez-dx6sm
@MariaRodriguez-dx6sm 28 дней назад
Maybe because we are at the point where CEOs and shareholders are making companies fail on purpose to fill their pockets. And not even some small company but strategic ones, to the point they are starting to represent a real treat to the political and economic stability of developed countries
@JayTee2985
@JayTee2985 Месяц назад
“How Boeing Descended Into Crisis” I think the proper title is: How Boeing Nosedive Into Crisis.
@vonescher6887
@vonescher6887 Месяц назад
If it’s Boeing it ain’t going. Plain and simple. If it’s Airbus let’s go!!!
@johnchristmas7522
@johnchristmas7522 Месяц назад
Use the travel agent KAYAK it allows customers to cross out aircraft they do not want to travel on.
@richardc020
@richardc020 Месяц назад
Where is the punishment for the bean counters?
@RM-el3gw
@RM-el3gw Месяц назад
golden parachutes 🤩🤩
@johnchristmas7522
@johnchristmas7522 Месяц назад
We all know, GREED.
@Hyperion1040
@Hyperion1040 Месяц назад
Safety must be put first regardles of company
@koharumi1
@koharumi1 Месяц назад
If it is Boeing I ain't going
@cheese-power
@cheese-power Месяц назад
Although ain’t is not a word, I totally agree 😂
@oskarlh
@oskarlh Месяц назад
​@@cheese-powerOf course it's a word! What makes you think it's not?
@anb4351
@anb4351 Месяц назад
Prop up Embraer, Work towards certifying Comac in western markets. Bring in Competition. This duopoly has made Boeing complacent
@hisokamorow8388
@hisokamorow8388 Месяц назад
Coulda avoided all this had they gone with making a 757max instead of the 737.
@jaycho6747
@jaycho6747 Месяц назад
Boeing is a defense contractor.
@LeaverWild
@LeaverWild Месяц назад
The FAA is as much of a problem as Boeing. No problem - I’ll drive.
@Paulo44.01
@Paulo44.01 Месяц назад
Driving is way more dangerous though
@bronze5420
@bronze5420 Месяц назад
Poor Dash-8 getting tossed into the Boeing turmoil montage
@yarharyar
@yarharyar Месяц назад
DHC got bought out three decades ago, that said I'm really bummed out they didn't use more stock footage of the plastic princess instead.
@jhendricks203
@jhendricks203 Месяц назад
boing, an example of top heavy mis-management, same with AT&T and it's loss of Bell Labs.
@JeanSamyr
@JeanSamyr 19 дней назад
Brazilians, it’s time to take over. Go Embraer take the Boeing Market.
@Debloper
@Debloper Месяц назад
It's boeing down...
@misterfunnybones
@misterfunnybones Месяц назад
Embraer?
@value4363
@value4363 Месяц назад
I hope they get into the widebody market
@trustme2001
@trustme2001 Месяц назад
I personally dont car about the price. I wanna get to my destination safely.
@oliviao2238
@oliviao2238 Месяц назад
Driven by pure greed, it's likely that Boeing will face no accountability. It's the simple things, such as bolts, coils, washers, etc., that matter.
@martinrobinson9061
@martinrobinson9061 Месяц назад
If it’s Boeing I ain’t going.
@pookatravel3277
@pookatravel3277 Месяц назад
Cool to see a shot of Southend airport.
@DougGrinbergs
@DougGrinbergs Месяц назад
The cult of GE Jack Welch, Stonecipher
@aldrin7304
@aldrin7304 25 дней назад
WHAT BROUGHT THEM DOWN IS GREED!
@ucheucheuche
@ucheucheuche Месяц назад
6:00 Says there's a silver lining in the friendly skies, but the 3 statements made were either unproven points or mute opinions.
@chrisk5437
@chrisk5437 Месяц назад
Anyone want to start an aircraft production company here in the US that is engineer centric and focused on making awesome aircraft?
@richelletvforyou8324
@richelletvforyou8324 Месяц назад
At this point I wouldn't even feel safe sitting in a Boeing on the tarmac like one of the journalists here, my goodness gracious!
@BilllB
@BilllB Месяц назад
Interesting, Boeing is pretty safe, many Airbuses crash too.
@newworldbro
@newworldbro 21 день назад
@@BilllBnow that’s quality cope
@gzoechi
@gzoechi Месяц назад
Absolutely nothing of substance changes in a company of that size within a few months. Boing is still the same company.
@mrrolandlawrence
@mrrolandlawrence Месяц назад
2:55 incorrect. the engines 1) did not need to be so high up. boeing could have created a longer landing gear. but that would have meant more pilot training. so nixed. 2) the forward placement of the new engines could also have been done without mcas. however pilots would have needed additional training to deal with the new characteristics. this is why mcas was developed and 100% never. mentioned. the whole point of the MAX program was to update the 737 while retaining the "grandfather" licence from the FAA so that no training would be requested / demanded. boeings problems also started way before the 2 crashes. however these were the times boeing could not cover things up. there have been many occasions of MAX's with having issues days after delivery. boeing today are a finance company not an engineering one. they know that no matter how bad things get - airbus are flat out on production & no one is going to be buying the c919 or Mc21.
@lucasleao3482
@lucasleao3482 Месяц назад
Put Embraer into the market and incentive competition; no offense guys, but we (Brazilians) invented the airplanes and we are great at making them.
@ccgoh100
@ccgoh100 Месяц назад
Boeing.. what a joke.. the us government continues to cover for the company from all these wrongdoings..
@Homoprimatesapiens
@Homoprimatesapiens Месяц назад
Cant manufacture state of the art a.c. at numerous factories and expect immaculate quality. B.t.w. computer control should never over rule pilot control.
@qwill8254
@qwill8254 18 дней назад
MD , lives on
@Marshmallo_Soup
@Marshmallo_Soup 16 дней назад
What about splitting up Boeing into smaller companies?
@scottheshot1
@scottheshot1 Месяц назад
These guys make weapons, aerospace systems, and some Comercial aircraft. How bad could it be?
@allengreg5447
@allengreg5447 14 дней назад
Air travel: where you pay to be herded like cattle, crammed into a flying sardine can, and pray your luggage has a better trip than you do.
@moniquemcpherson6927
@moniquemcpherson6927 9 дней назад
Bungled? That's for sure.
@dunnowy123
@dunnowy123 Месяц назад
So they became what eventually led to the demise of their acquisition. Amazing.
@The38alt
@The38alt Месяц назад
If 'muricans weren't bent on being proud of homegrown products they would be fine. Multiple times they say airbus has taken over, buy planes from them! Why are you acting like boeing is the only airliner that can build planes? This article talks about airbus. Airbus doesn't have people guessing if their planes are going to crash. Makes sense to buy from them instead of waiting years for boeing.
@Astrobucks2
@Astrobucks2 Месяц назад
Airbus planes crash due to issues as well. American 587....faulty rudder design which killed 265 people.
@blackpiller3777
@blackpiller3777 24 дня назад
Embraer watching this video 👀
@Thetravelsurvivalist
@Thetravelsurvivalist Месяц назад
Just go airbus then lads
@scottheshot1
@scottheshot1 Месяц назад
Underrated comment.
@MandaClaudiuMCM
@MandaClaudiuMCM 29 дней назад
It's simple, they wanted to see with how much they can get away in cheapness, the problem is that thr cheapness showed the damage kinda late.
@urbanstrencan
@urbanstrencan Месяц назад
How Boeing could go so wrong,
@alexanderv.8961
@alexanderv.8961 Месяц назад
Greed and stupidity
@mr_vvs
@mr_vvs Месяц назад
running the company like a "business" rather than a great engineering firm. Caring about stockholder value over safety and innovation. Prioritizing budgetary and schedule concerns over everything else. Terrible culture, pressuring Boeing ODAs, fear of retaliation, refusing to include new safety systems or anything that could risk increasing training requirements/budget/timeline, overworking manufacturing employees (production pressure was so high that some employees worked 9 consecutive weeks including weekends without break). Ed Pierson advocated for lowering and pausing the production line as he explicitly warned, “My first concern is that our workforce is exhausted. …My second concern is schedule pressure (combined with fatigue) is creating a culture where employees are either deliberately or unconsciously circumventing established processes”. Management and CEO decided to increase production, ignoring Pierson's concern. A few months later, the production line was in chaos and creating out-of-sequence work, with more than 38 partially completed aircraft left outside the factory waiting for parts. Many engineers advocated for a synthetic airspeed monitor, which would help eliminate erroneous air data readings (AoA) that could trigger continuous and uncorrectable auditory alerts, prevent stall warning speed alerts that lead to continuous stick shaker activation, and uniquely address the 737’s inability to replace erroneous air data on displays with correct information. Michael Teal, decided against the synthetic airspeed monitor in order to minimize costs and simplify pilot training protocols to avoid the necessity for simulator training. This safety enhancement was brought up 3 separate times and stuck down everytime. One frustrated engineering manager had claimed, "People have to die before Boeing will change things."
@IIIw2
@IIIw2 13 дней назад
Market capitalization of Boeing (BA) Market cap: $111.91 Billion As of July 2024 Boeing has a market cap of $111.91 Billion. This makes Boeing the world's 139th most valuable company by market cap according to our data. The market capitalization, commonly called market cap, is the total market value of a publicly traded company's outstanding shares and is commonly used to measure how much a company is worth.
@RamalingamKB
@RamalingamKB 27 дней назад
Boeing Eats, - Flying Public for Breakfast (Commercial Jets), - Dying Public for Lunch (Defense Contracts), - Floating Public for Snacks (Starliner Astronauts) and - Working Public for Dinner (Employees and Customers).
@standrewpics
@standrewpics 9 дней назад
Issues with Boeing happened many years ago , well being the resent crashes . Just watched aircraft investigation on TV . Issues happened with a 707 fright aircraft many years ago . Complacency on behalf of Boeing FACT . That caused two engines on a 707 freight aircraft to depart the wings mid flight over the Alps , due to corrosion on a major part holding one of the engines on the wing which in turn collided with the other engine on the wing. Two left on one wing only , amazingly with the skill of the pilots they got the aircraft down . Another Boeing issue .
@marsspacex6065
@marsspacex6065 Месяц назад
Classic case of putting dumb MBA in charge that are disconnected from the engineering and manufacturing.
@koundinyapavan
@koundinyapavan Месяц назад
I was waiting for whistleblowers deaths mentioned in one way or other.
@ropro9817
@ropro9817 Месяц назад
I believe this is known as 'enshitification'. 😒
@watchgoose
@watchgoose Месяц назад
Boeing used to be headed up by an aviator. Now instead it's a bean-counter
@midknight1978
@midknight1978 15 дней назад
almost 400 people got killed. thats what was Goiinggg Boiennng
@tibsyy895
@tibsyy895 20 дней назад
Never gonna fly with Boeing again!
@JasonMomos
@JasonMomos Месяц назад
The curse of The Queen of the Skies.
@basophil9178
@basophil9178 Месяц назад
if its boeing im not flying!!
@dsun1263
@dsun1263 29 дней назад
Accountant as CEO, software outsourced to India, parts made in India, ….
@elbertmkizy7086
@elbertmkizy7086 Месяц назад
They appoint people with a Finance background to run an engineering company
@rayhans7887
@rayhans7887 Месяц назад
No jail-time?
@mitsurudy
@mitsurudy 29 дней назад
If it's boeing, I'm boo'ing
@r3dp1ll
@r3dp1ll Месяц назад
If it's Boeing ...
@saijujiwara
@saijujiwara Месяц назад
we aint going!
@fcf777
@fcf777 Месяц назад
You’ll go BOING! BOING!
@steinarnielsen8954
@steinarnielsen8954 Месяц назад
@@saijujiwara Keep spreading your fear mongering. It will only reduce the ticket prices for the rest of us who realize that driving is more dangerous.
@saijujiwara
@saijujiwara Месяц назад
@@steinarnielsen8954 keep defending your stocks. as we speak, another boeing 737 issues today with southwest airline. we need more competition. boeing is too cocky and greedy like USA. profit over safety. we need to boycott boeing to give them pressure for a change. people like you wont force them any change. if you values life you shoulnd let compagny like boeing do what they doing rn.
@knpark2025
@knpark2025 Месяц назад
A Boeing 737 max 8 jet owned by KAL recently had to dive after it suffered an unexpected depressurizarion incident. Only this time there were no Russian fighter jets involved.😂
@wesleybarini4212
@wesleybarini4212 Месяц назад
Buy Embraer then 😁
@drydz8670
@drydz8670 Месяц назад
But there's no mention of whistleblowers suddenly being "unalived". Once is by chance, twice is a coincidence, three times is a pattern. We just wait for the 3rd now who "lives in terror."
@rakibshaharia5758
@rakibshaharia5758 27 дней назад
find the right engineer to be CEO. AMD bounced back
@jackf1841
@jackf1841 Месяц назад
I actively search for airlines flying Airbus aircraft. I only fly Airbus airlines.
@nicolaasfourie
@nicolaasfourie Месяц назад
Human Resources.
@hawaiifiles
@hawaiifiles Месяц назад
For now cheaper and safer to just simply stay home. Besides Boeing aircraft look at the mess they have going on in space... Starliner.
@rmgeneral8554
@rmgeneral8554 Месяц назад
It will save thousands of innocent lives from someone in stock exchange.
@eatfastnoodle
@eatfastnoodle Месяц назад
"too big to fail" will save Boeing, just like it saved Detroit big three but it'd also likely, ensure Boeing become a perennial junior members of whatever global commercial aviation landscape, retreating to domestic market, protected by politics/tariff, favorable press, etc, just like what Detroit big 3 had become in the wake of 08 bailout: they were No.1 and No.2 for the longest time and had the ambition/footprint to compete globally, now both GM and Ford are basically domestic companies shielded from competition and largely gave up/sold off their oversea business and overtaken globally by VW/Toyota first, then Korean automakers, and likely will be pushed out of China, the largest auto market and once one of the most profitable for GM at least, in the near future.
@mack-uv6gn
@mack-uv6gn Месяц назад
Mcas and poor design
@JimMacintosh
@JimMacintosh Месяц назад
The first 2 out of 3 aircraft shown aren’t even Boeings. Corporate media is a joke lol
@johnchristmas7522
@johnchristmas7522 Месяц назад
iTS where its always been, supporting the payer(Boeing pay outs) not the competition.
@alivwilliam4579
@alivwilliam4579 Месяц назад
Shame
@waisinglee1509
@waisinglee1509 Месяц назад
Never count out a fallen leader in an industry.
@Uhhhhhhhhhhhhhhhhhhhhhhh87
@Uhhhhhhhhhhhhhhhhhhhhhhh87 Месяц назад
Chicken feet
@UPdan
@UPdan Месяц назад
We can still ride a bicycle but never, never a Boeing.
@shmookins
@shmookins Месяц назад
I don't see a problem of Boeing shutting down because that doesn't necessarily mean 'there is no more US airplanes'. They can be broken up and have, for example, five new aviation companies from its ashes. Eventually, two or three of those will survive and we'll be better off for it long term. When IBM fell from the top, there weren't no more US computer companies. Others raised. This is similar to other industries. I say invest is smaller start ups and within a decade we'll have viable options than one huge slow problematically run giant.
@doujinflip
@doujinflip Месяц назад
It takes a decade just to design one airframe. We’re talking about at least a generation of uneconomical and almost daredevil levels of flying before these new companies get their products refined enough for regular passenger service… only to begin consolidating again due to market pressures.
@5bscs
@5bscs Месяц назад
Honestly, this was a pretty sloppy video. Could’ve been much shorter - didn’t need yet another documentary on the MAX issues.
@TheBmco99
@TheBmco99 Месяц назад
I prefer the roller coaster effect Dutch rolls are really not for me. Little Peter Buttigieg will be headed to Everett in a day or two to get the rest of the 10% for the big guy.
@schoofs159des
@schoofs159des Месяц назад
The company became too capitalist
@saijujiwara
@saijujiwara Месяц назад
if its boeing , i aint going!
@tjw2570
@tjw2570 Месяц назад
Classic American hubris.
@eijazwalid4107
@eijazwalid4107 Месяц назад
😂
@newworldbro
@newworldbro 21 день назад
shareholder capitalism. That’s what happened.
@AJTalks
@AJTalks Месяц назад
Oh yeah and actual whistleblowers are mysteriously dying but lets not discuss it
@MrStevemur
@MrStevemur 29 дней назад
"The Chinese have been trying to develop narrow-body planes to compete with Boeing and Airbus, those planes have not been certified in the US or Europe and are unlikely to be anytime soon." Consumers paying for protectionist policies again.
@Jay12321Jay
@Jay12321Jay 29 дней назад
"a classic case of late stage capitalism"... First of all, "classic case of late stage capitalism", talk about inventing B.S. buzzword. Sounds like something taken from some manifesto just before a country goes belly up Venezuela style. Secondly, Boings problems have more to do with the US goverment not treating it fairly since it's an American company and an important military company. If Boing got sued the amount it should be and if the FAA treated it like Airbus or COMAC none of these problems would have existed.
@vaibhavumbarkar3712
@vaibhavumbarkar3712 Месяц назад
American culture degradation is the reason 😢, profit over safety😊.
@jimparlett4099
@jimparlett4099 Месяц назад
Air travel contributes 13% of the CO2 we add to the atosphere each year. We will not limit global warming and stop the increasing volatility of our weather without cutting down on air travel for non-essential reasons. Sixty years ago, the vast majority of people never went on a plane, it was something only the very rich did, and we all managed perfectly well - we need to recover that simplicity if we want to save the planet for our children and grandchildren.
@Astrobucks2
@Astrobucks2 Месяц назад
Yea. No.
@brbhave2p00p4
@brbhave2p00p4 Месяц назад
Ever heard of Airbus? 🤡
@scottheshot1
@scottheshot1 Месяц назад
Oh, so it's like early onset socialism. Got it ! 👍
@stankythecat6735
@stankythecat6735 Месяц назад
Late stage capitalism ? Eye roll.
@silverianjannvs5315
@silverianjannvs5315 Месяц назад
Boeing goes woke😂
@lumkaze2000
@lumkaze2000 Месяц назад
Put the CEOs in jail!
@IIIw2
@IIIw2 13 дней назад
Market capitalization of Airbus (AIR.PA) Market cap: $115.07 Billion As of July 2024 Airbus has a market cap of $115.07 Billion. This makes Airbus the world's 134th most valuable company by market cap according to our data. The market capitalization, commonly called market cap, is the total market value of a publicly traded company's outstanding shares and is commonly used to measure how much a company is worth.
@CrimsonAlchemist
@CrimsonAlchemist 29 дней назад
By being greedy and killing off not one but two whistleblowers 🫠
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