Boeing really is up the creek here. They are out of places where they can store undelivered aircraft, I’m sure that if they could stack the planes, they would.

And even if storage space wasn’t a problem, they wind up financing the production of aircraft they can’t sell or deliver. They have to pay assemblers and technicians, suppliers of raw materials and components, and contracted services.

Not only is Boeing not getting paid by the buyers who can’t take delivery, they are also faced with financial penalties for not delivering the contracted planes.

And when this mess is finally resolved, they will have to scramble and increase production to catch up with their delivery schedules.

They tried to save a few bucks, and are now paying the price.

Stop production and it should be made to go through the new plane certification process. There have been too many versions.

It is synonymous to a cancer where the patient ignores the symptoms. The the medicos apply chemotherapy and radiation. The treatment extends the life of the patient but eventually succumbs to the illness or the treatment.

If Boeing are to survive they may have to halt production permanently as the plane will no longer be trusted by airlines, and dare I say it, the travelling public. Already I hear friends saying the fly with xx airline as they use Airbus. Australians have to travel great distances by air so this nervousness is anticipated. Folks not from the USA have no allegiance to Boeing.

Anyone else think this is bribery by the back door? They are laying the threat of the livelihood of thousands of employees at the feet of regulators hoping sympathy will get things done quicker.

About time - amazing that the board have waited so long