The next shocking moment in a Boeing: a 757 lost a tire during takeoff from Los Angeles International Airport. An investigation was launched and no one was injured. However, the new incident is poisonous to the image of the struggling aircraft manufacturer, especially since it was not the first of its kind.
US aircraft manufacturer Boeing was once the top dog in civil aviation. They swallowed up US competitors like McDonell Douglas and had a comfortable lead over their European rival Airbus for a long time. But then new management came in. It made decisions that are still hurting the aircraft manufacturer today – and are causing more and more passengers to doubt safety. Lost tires like in Los Angeles or in San Francisco in March, a cabin door that was lost in flight, two fatal total losses of 737 Max planes – Boeing has a quality problem. And had to admit to the US judiciary that attempts were made to cover it up. More than 240 million dollars in fines and a watchdog for Boeing’s management – still to be confirmed by a US federal judge – are now the result. Krone+ analyses how this came about – and which models you should avoid.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
