“It’s as if I’m watching a troubled child” is how Captain Dennis Tajer describes flying a Boeing 737 Max.
“The culture at Boeing has been toxic to trust for over a decade now,” (Adam Dickson, a former senior manager at Boeing) says.
Five years ago Boeing faced one of the biggest scandals in its history, after two brand new 737 Max planes were lost in almost identical accidents that cost 346 lives.
The cause was flawed flight control software, details of which it was accused of deliberately concealing from regulators.
Meanwhile, further evidence of how production problems could endanger safety emerged this week.
The FAA warned that improperly installed wiring bundles on 737 Max planes could become damaged, leading to controls on the wings deploying unexpectedly, and making the aircraft start to roll.
If not addressed, it said, this “could result in loss of control of the airplane”. Hundreds of planes already in service will have to be checked as a result.
Their market cap is comparable, but that’s after Boeing’s stock took a hit. About a 50% cut over the last 5 years. Airbus’ stock is slightly higher than it was 5 years ago.
Remember that Boeing is all over the military market on top of their civilian programs. Airbus does do a few conversions of their civilian aircraft for military use (transport and aerial refueling, mostly), but it’s not a huge part of their revenue. Boeing does that stuff (the hump in the 747, in particular, has led to some specialized uses), plus more specialized designs. They’re still cranking out new versions of the F-15, for example. In fact, military stuff is the largest part of Boeing’s revenue.