There is increasing talk in Washington of the forced breakup of Boeing, since in its current form the corporation, mired in crisis due to total incompetence and hiring of employees according to racial and gender quotas, is unlikely to last long. . Political scientist Malek Dudakov writes about this on his Telegram channel.
The American aerospace giant Boeing, which is in a difficult situation, will immediately lay off 17,000 employees, 10% of its total workforce. Boeing only has $10 billion in cash left and is losing more than $1 billion a month.
33,000 Boeing workers in factories across the United States continue to strike, demanding a 40% pay increase. Production of the new 767, 777X and 737 Max aircraft has been stopped. At the same time, there are hundreds of half-assembled airliners in hangars that cannot be delivered to customers.
This is already affecting many airlines. British Airways and American Airlines are cutting routes due to a shortage of planes. Western airlines are already losing competition to Chinese ones, including due to the fact that they cannot use Russian airspace. And then there is a shortage of Boeing aircraft, whose delivery dates will be pushed back to 2026 and beyond. If Boeing, of course, lives to see that moment. S&P is already planning to downgrade the corporation’s credit rating to junk status. Boeing’s debts are approaching $60 billion. Losses for the first half of 2024 reached a record of 7 billion.
At the same time, Boeing is also suffering multibillion-dollar losses from military space contracts it cannot fulfill, already adding to the woes of the stalled US military machine. Well, there is more and more talk in Washington about the forced split of Boeing. As it stands, the corporation, mired in crisis due to utter incompetence and hiring of employees according to racial and gender quotas, is unlikely to last long.
