Holy shit, Boeing, who spent $43 billion on stock buybacks in 2017/18, now needs a bailout???

[Celerity]

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Holy shit, Boeing spent *$43 billion* on stock buybacks, helping more than double its stock price in 2017-2018, enriching shareholders, only to meltdown from its mass produced faulty planes and the current coronavirus crisis. Now they need a bailout?

12:17 AM · Mar 19, 2020
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Boeing Crashes: $43 Billion in Share Buybacks Turn into Existential Threat

Can Boeing stave off a liquidity crisis?

https://www.nakedcapitalism.com/2020/03/boeing-crashes-43-billion-in-share-buybacks-turn-into-existential-threat.html

[BigmanPigman]

1. The financial pundits are really

letting the airlines have it. I think Warren said something about it too (I hope she has a plan).

[lapfog_1]

2. Worse is that they let bean counters essentially desing the 727-Max

and they are likely to be forced to eat billions of dollars of expense and lost revernue.

this one manufacturer should be allowed to fail

I don't mind flying Airbus.

[Sherman A1]

3. Boeing can go to H.....

When this ends they can apply for low interest loans and go through bankruptcy just like many other businesses will be forced to do.

They have their hands in lots of other Pies so let the other divisions support the company’s commercial aircraft division.

[eShirl]

4. are they ramping up to manufacture something useful

like ventilators

[Native]

5. I read the other day that all of the airlines have been doing this too.

Another reason why they're all in the situation they're in today.

[Chainfire]

6. They will get the bailout

Even though their injury is self inflicted. Their problem is that they forgot how to build safe, reliable aircraft, not the effects of the flu.
Incompetence, deceit and mismanagement will be rewarded.

[Voltaire2]

7. They were already imploding.

I say no free handouts. These lazy corporations and their billionaire investors need to pull themselves up by their jockstraps and make their own free lunch.