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After the now several week old exploding battery fiasco, Boeing is nowhere closer to resolving the recurring problem for its appropriately renamed Nightmareliner. But the worst for the company may be yet ahead: as the following chart from Stone McCarthy shows, January new aircraft orders collapsed from 183 in December to a meaningless 2 in January: a seasonally strong month, with some 150 orders a year ago, and more weakness to come as Boeing just warned its first Norwegian delivery due in April may be delayed. But while it was expected that the company’s quality control failure would eventually catch up to it, the broader implication is that this month’s Durable Goods number, released February 27 and of which transportation is always a key variable at least at the headline level, will be a disaster.
Boeing New Aircraft Orders Implode From 183 To Just 2 In January
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Unfortunately industry in the USA is not supported by the US govt. Money and jobs going overseas to India & China. Osama busy lending money to other countries but allowing his own people in the US to suffer.
Looks like boeing will suffer the same fate as many other, once highly regarded companies and will dissapear all together.
What has the US govt allowed a once great country to become ………….
Interestingly the news coverage here did mention the exploding batteries and how Japan had replaced all the batteries but the main story was about the cracks that were rapidly opening up in the aircraft.