Can Boeing Pull Out of This Tailspin?
Slate News
Slate Podcasts
4.5 • 6K Ratings
🗓️ 29 March 2024
⏱️ 27 minutes
🧾️ Download transcript
Summary
How supply chains, the pandemic, and a steady stream of Wall Street money led to a crisis at Boeing.
Guest: Jon Ostrower, editor-in-chief of the website the Air Current.
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Transcript
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| 0:00.0 | Just a quick heads up before we get started today. There's a little swearing in this episode. |
| 0:05.9 | Okay, you've been warned. |
| 0:11.8 | On Thursday, March 7th, the Trade Group Airlines for America held a board meeting in Washington, D.C. |
| 0:18.0 | The group represents the big passenger airlines in the U.S. and some of the cargo carriers. |
| 0:23.0 | And one of the major topics of this meeting was, |
| 0:27.0 | what are we going to do about Boeing? |
| 0:29.0 | That's John Ostrower, the editor-in-chief of the website The Air Current. At the meeting, John |
| 0:34.6 | says, the CEOs of American Airlines, United, Southwest, and Alaska talked about |
| 0:39.9 | the Boeing problem. They wanted to find a way to move forward with where Boeing is today. |
| 0:48.9 | And they wanted to, the CEOs put their heads the other, they said they said, how do we understand what the path forward is for Boeing? |
| 0:56.5 | And I don't think going into that meeting, |
| 0:58.8 | they wanted to force the board and the CEO and the head of Boeing commercial to leave. I think what they |
| 1:06.5 | wanted to do was seek clarity about how Boeing was going to move forward from the board directors without the presence of the CEO. |
| 1:20.0 | And they had a pretty choice description of what they wanted. |
| 1:23.2 | In talking to one long time very knowledgeable senior industry leader, |
| 1:29.3 | to put it this way. |
| 1:31.2 | They didn't want to get the defensive bullshit. They wanted the board to |
| 1:35.2 | hear it directly through them." |
| 1:37.2 | quote end quote. |
| 1:40.4 | That meant a conversation with the board without CEO Dave Calhoun. |
| 1:45.0 | Because what happened on Alaska flight 1282 when a loose door plug caused an explosive |
| 1:51.0 | decompression was just one incident in a long list of concerns these CEOs had. |
... |
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