(Bloomberg) -- Boeing Co. found more mistakes with holes drilled in the fuselage of its 737 Max jet, a setback that could further slow deliveries on a critical program already restricted by regulators over quality lapses. Most Read from BloombergWhy NYC Apartment Buildings Are on Sale Now for 50% Of...
Boeing Finds More Misdrilled Holes on 737 in Latest Setback::(Bloomberg) -- Boeing Co. found more mistakes with holes drilled in the fuselage of its 737 Max jet, a setback that could further slow deliveries on a critical program already restricted by regulators over quality lapses. Most Read from BloombergWhy NYC Apartment Buildings Are on Sale Now for 50% OffPowell Tells ‘60 Minutes’ Fed Is Wary of Cutting Rates Too SoonEastern Europe’s Richest Woman Pivots $43 Billion Empire WestChina Tightens Some Trading Restrictions for Domestic and Offshore Investor
More likely the issue is they would need to find/hire competent executives, not friends/family/insider nepo-folk. This will be a challenge for a board comprised of friends/family/insider nepo-folk.
Instead of doing most shit in-house, they contracted out shit tons of parts to the lowest bidder and they jenga all the pieces together. Kind of like when you buy an hp laptop, even though HP doesn't make a single piece of their laptop (or even assemble the things). They just arrange for all the pieces they want from all the component manufacturers and buy the parts and have them shipped to the assembly plant that's to be used.
Instead of doing most shit in-house, they contracted out shit tons of parts to the lowest bidder
No that's not true. What happened is they found things that were not profitable to do in-house and sold those off (they found investors willing to take over their non-profitable production lines).
... the investors simply cut costs in order to make it profitable. Which is predictable, what else were they going to do? Obviously an investor expects to make money on their investment.
Now Boeing is basically stuck - they can't make the parts in house, because they don't have enough staff, and their only supplier sucks, and there is no other supplier.
Most Read from BloombergWhy NYC Apartment Buildings Are on Sale Now for 50% OffPowell Tells ‘60 Minutes’ Fed Is Wary of Cutting Rates Too SoonEastern Europe’s Richest Woman Pivots $43 Billion Empire WestChina Tightens Some Trading Restrictions for Domestic and Offshore Investor