Boeing was sternly rebuked this week by the National Transportation Safety Board (NTSB) for public comments related to the grounding of its next generation 787 Dreamliner passenger jets. Specifically, the agency accused the company of conveying to the public its “own analysis and conclusions regarding an ongoing NTSB investigation.”
Ouch …
“The letter from the NTSB signals tension between the agency and Boeing,” reporter Tim Parker of Benzinga noted (via Forbes). “This is not good for Boeing as it tries to mitigate damage to the image of its high-efficiency 787 once officials clear the plane to fly.”
The Dreamliner has been grounded since January 16 as a result of numerous problems – most notably an issue with its lithium ion batteries. Not good news for a project which is already several years behind schedule.
So far, Boeing has delivered just 50 of the 800 Dreamliner orders it has received and is under tremendous pressure to turn a profit on the plane. Originally scheduled for delivery in May of 2008, numerous design, supply and delivery problems pushed Dreamliner’s deadline back more than three years – causing numerous cancellations.
In unrelated news, The Wall Street Journal is reporting on Boeing’s plans to lay off 800 workers at its Washington State facility. The news comes less than a month after Boeing announced layoffs at its South Carolina facility.
The company insists the layoffs are not related to the grounding of the plane.
Why do we follow Boeing so closely? Easy: Because South Carolina taxpayers shelled out hundreds of millions of dollars to lure a Dreamliner manufacturing facility to North Charleston, S.C. three years ago. The Palmetto State later lost out on its bid to build Boeing 737 Max planes – part of a deal the company cut with its labor union.
So far, that investment isn’t paying off …
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34 comments
I really hope Boeing is successful despite the tax situation. I have no problem with tax exemptions(other than I think everyone should be getting them), but the $399 mil of taxpayer money that SC is giving them is total bullshit. Yet another perfect example of crony capitalism(which is really fascism;having elements of socialism).
As dwb619 points out, it’s just how the GOP gives out “gifts”. You notice, no doubt, how much larger the government “gifts” to multi-billion dollar corporations are than those to people in the 47% and on VA, SSA or welfare.
No one should be getting “gifts”, which is nothing more than stolen loot.
I really hope Boeing is successful despite the tax situation. I have no problem with tax exemptions(other than I think everyone should be getting them), but the $399 mil of taxpayer money that SC is giving them is total bullshit. Yet another perfect example of crony capitalism(which is really fascism;having elements of socialism).
As dwb619 points out, it’s just how the GOP gives out “gifts”. You notice, no doubt, how much larger the government “gifts” to multi-billion dollar corporations are than those to people in the 47% and on VA, SSA or welfare.
No one should be getting “gifts”, which is nothing more than stolen loot.
I was under the impression that the tax “gift” was more in the range of $900 million.
and what gave you that impression?
I think he is confusing gifts with exemptions. There is both going on in this case.
You are correct. A few hundred million here, a few hundred million there, before long they have created a billion dollar corporate welfare basket.
At this time I stand corrected.
I was under the impression that the tax “gift” was more in the range of $900 million.
and what gave you that impression?
I think he is confusing gifts with exemptions. There is both going on in this case.
You are correct. A few hundred million here, a few hundred million there, before long they have created a billion dollar corporate welfare basket.
At this time I stand corrected.
More Sic Willie and his half stories. He “forgot” to say that the laid off workers in Charleston were temps. FITS readers have already explained temp worker usage to him in previous posts. Did he forget or is the omission intentional?
Also, the Sic Willie who so believes in the “free market” is now trumpeting the work of government in the market. Come on Sic Willie, is the NTSB a core function of government or not?
More Sic Willie and his half stories. He “forgot” to say that the laid off workers in Charleston were temps. FITS readers have already explained temp worker usage to him in previous posts. Did he forget or is the omission intentional?
Also, the Sic Willie who so believes in the “free market” is now trumpeting the work of government in the market. Come on Sic Willie, is the NTSB a core function of government or not?
Its funny how our beloved Government is going after the smart people that do not choose to be unionized. aka Slaves
Its funny how our beloved Government is going after the smart people that do not choose to be unionized. aka Slaves
Non-Union Boeing Blasted By Obama’s Nationalist Safety Board = Arab Spring leads to Sharia government …. not really a newsflash…
Is FITS that D@*N Stupid…or does he think we are???
You’re one crazy mofo!
You’re you Ignorant Obama worshiping, dumb@$$…..
Newsflash: Obama is Allah! Obama is Allah!!!
The Antichrist is here! We’re turning into Nazi Germany! RUN!!
Thanks for makng the rest of us look sane…
Why is it when I slap the livin’ P!$$ out of you brain-dead IDIOTS w/ simple truth, you act like the complete Dumb@$$#$ you are…
Obama is going to sic any Government regulatory agency he can on Boening. He’s mad because they told the Union to Stuff up their failing @$$#$…
And you lord and savior Obama supported the Muslim Brotherhood, when us Conservatives told him they were an Extremist organiztion. We were DEADOoN Right..and they are persecuting Christians and pushing for Sharia law..and you Stupid Son of a B!t*hes sit their scratching your @$$#$ w/ an ignorant look on your face…because you’re some of the Dumbest MoFos on Earth…
Then, tell us why he’s killing Muslims with drones?
Well? Still “scratching your @$$ w/ an ignorant look on your face…???”
Non-Union Boeing Blasted By Obama’s Nationalist Safety Board = Arab Spring leads to Sharia government …. not really a newsflash…
Is FITS that D@*N Stupid…or does he think we are???
You’re one crazy mofo!
You’re you Ignorant Obama worshiping, dumb@$$…..
Newsflash: Obama is Allah! Obama is Allah!!!
The Antichrist is here! We’re turning into Nazi Germany! RUN!!
Thanks for makng the rest of us look sane…
Why is it when I slap the livin’ P!$$ out of you brain-dead IDIOTS w/ simple truth, you act like the complete Dumb@$$#$ you are…
Obama is going to sic any Government regulatory agency he can on Boening. He’s mad because they told the Union to Stuff up their failing @$$#$…
And you lord and savior Obama supported the Muslim Brotherhood, when us Conservatives told him they were an Extremist organiztion. We were DEADOoN Right..and they are persecuting Christians and pushing for Sharia law..and you Stupid Son of a B!t*hes sit their scratching your @$$#$ w/ an ignorant look on your face…because you’re some of the Dumbest MoFos on Earth…
Then, tell us why he’s killing Muslims with drones?
Well? Still “scratching your @$$ w/ an ignorant look on your face…???”