Trading at a small multiple of just under 50, this is a stock that'll be going places just as soon as Boeing gets its 737MAX certified to go places [re-certified, that is], as the following interview with CEO, David Calhoun, reveals.
| CNBC: You believe in this airplane? Calhoun: Absolutely, absolutely ... CNBC: Why should people have confidence in the [737]MAX? Calhoun: If we didn't believe we were going to field an airplane that was safer than the safest demonstrated airplane that's out there today, we wouldn't do it. So says the accountant with no expertise in engineering, let alone aviation, but the author of the CD album "Day Drinkin'". |
Seems like Calhoun must have had a few before the interview.
Anyone who knows anything about the problems with the 737MAX knows it's a fundamentally flawed aircraft, being inherently unstable and requiring a computer-controlled stabilization mechanism to keep it in level flight.
So even if the totally crap stabilization mechanism (MCAS, maneuvering characteristics Augmentation System, which is bullshit for Anti-Stall System or ASS) worked with total reliability, which it totally didn't, the plane would be vastly inferior in fundamental safety to any of a multitude of planes already out there.
Related:
CanSpeccy: Boeing: Building Planes Designed by Clowns Supervised By Monkeys
