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To: CodeToad
Airlines cannot pay for those 737 MAX aircraft when the Max is released. That’s about $100 million an aircraft and I believe 380 are waiting delivery.

The bailout of the airlines should help that, though the problem the airlines are facing is also self-inflicted. They racked up large debt ordering new airplanes and used their record profits to buy back stock - over $14 billion for American Airlines alone over the past two or three years. Hopefully the bailout contains a prohibition on future stock buybacks until the federal loans are paid back.

40 posted on 03/25/2020 7:31:32 AM PDT by DoodleDawg
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To: DoodleDawg

Oh, I’m not saying Boeing or the airlines deserve any bailouts. They did this to themselves.

The Max was a total cluster f*** Boeing’s board allowed their CEO to create. There should be people in jail over that fraud. (The fraud was Boeing delivered an airplane that wasn’t to the specs it was certified for.)


41 posted on 03/25/2020 7:40:35 AM PDT by CodeToad (Arm Up! They Have!)
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