Quote:
Originally Posted by 77T
In something seemingly unrelated to the pandemic, Boeing just announced they will take apart every wiring bundle carrying MCAS circuits and separate them from the other systems.
The drastic drop in air travel due to corona virus is actually helping them because more flights have now been cancelled beyond the MAX’s original impact. Airlines won’t be on their back.
They had fought the FAA tooth and nail before someone leaked this news earlier this evening.
Takes a team one week to do this work per plane, multiply by 400 planes, and I really don’t see it coming back unless they put 40 teams to work (which they don’t have).
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Thanks for posting that. I was looking at Boeing stock after a CNBC analyst commented on what a buying opportunity it is now earlier today.
Might just wait a few weeks more.