Posted on 05/12/2019 4:22:17 AM PDT by C19fan
The amount of money Boeing might have to pay families of 737 Max crash victims could depend on one disturbing factor - How long the passengers spent knowing they were plunging to their deaths. The series of lawsuits that could exceed $1 billion shoot even higher if evidence shows Boeing knew about flaws in the planes before the tragedies happened. Two flights on the Boeing 737 Max planes crashed within six months of each other, killing all on board.
(Excerpt) Read more at dailymail.co.uk ...
Boeing won’t pay it.
Boeing’s insurer/s will.
A speculative article that the Boeing haters will love.
It even includes fake pictures from a different Lion Air crash.
The Fake News knows they can’t scare their first world audience with stories about the mistakes the third world pilots made, so they focus solely on Boeing.
Not enough.
Not enough.
The pics are Lion_Air_Flight_904 46 people were injured, 4 of them seriously
I've established myself among those outraged by the whole 737 MAX episode as either felony negligence, or purposeful sabotage engineering. Yes insurance will pay whatever the costs. Hopefully management, engineering, contractors and rank and file will all get a junk taken for what the poor people went through.
But I don't want to see Boeing actually disappear, just maybe change their name.
This article is one of the best examples of media piling on, and the Daily Mail showing must less than stellar editing and fact checking.
These deaths by crazed HAL robot happened in third worlds where death payouts are like $1,000 per life rather than $10,000,000. Would the families have standing to collect American style legal lotto payouts?
The picture caption under the 7th picture is astonishing. As if nobody at the Daily Mail ever heard of any airplane crash until this article. "The downed Lion Air Boeing 737 was brought into shore from the Java Sea, having remained significantly more intact than the Ethiopian Airlines flight five months later"
Fakiest fake news of fake news all time greatest hits.
Boeing self insures.
They’ve already been cutting expenses in preparations for reparations.
FIL worked Boeing back in 1955-1972. Green eye shades have always run the place, and nearly into the ground on several occasions. Layoffs are commonplace at Boeing.
Layoffs are just good business practices.
How long the passengers spent knowing they were plunging to their deaths.
There was a passenger jet crash a few decades ago with a plummeting aircraft. The newspaper in Riverside CA published an opinion piece about what those passengers likely went through. It was so gruesome, later editions of the paper yanked the article. You don’t really want to know.
I knew something was haywire when Condit moved HQ to Chicago. From one shithole to another. The ostensible reason was all the bribes...er I mean tax incentives... Corruptinois and Shitcago plied him with. A little bird said the REAL reason was that the Mrs. Condit was smitten with North Michigan Ave. and the Gold Coast and wanted a glitzy high rise for her wonderful self. Funny that now all those tax gains will probably be sucked up by law suits.
“Layoffs are just good business practices. “
No, they are not. They are an indicator that lack of proper management has been occurring.
Boeing self insures.
Whether Boeing carries insurance or self insures, is almost irrelevant. If they do have a policy, then it would certainly have a high deductible, possibly as high a $1B. If they self insure, then Boeing would have insurance reserves well in excess of $1B.
Boeing's market cap is currently in excess of $200B. A $1B liability is easily covered. I am not a tax attorney, but I believe that the payout is tax deductible. So, the U.S. taxpayer will cover 21%.
I've established myself among those outraged by the whole 737 MAX episode...
There are a lot of outraged Freepers, and rightly so. This whole episode makes me sick.
...as either felony negligence, or purposeful sabotage engineering.
Until the final accident reports are published, I have to respectfully disagree.
"Purposeful sabotage engineering" is impossible. Engineering analysis, especially CFD analysis, was inadequate, most likely due to budget and schedule constraints. MCAS design was defective. However, since MCAS existed on the KC-46 (767 tanker), Boeing decided to implement "as is". Boeing management is the culprit, not engineering.
IMHO, Boeing made a lot of mistakes in development, certification, and delivery of the MAX. Whether any of the mistakes rise to "Felony negligence" is TBD. A criminal investigation is on going.
If felony negligence is proven, then I hope the punishment is severe...346 lives have been lost.
I suppose the people about to hit the twin towers had a pretty terrifying last few moments too.
I hope you're right, "Purposeful sabotage engineering" is impossible.
But I'd submit this whole episode was "impossible" less than a year ago.
“Boeing’s market cap is currently in excess of $200B. A $1B liability is easily covered.”
Market cap is not liquid cash.
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