Issue Overview

Boeing Looks to 2023

Boeing Looks to 2023

January 31st, 2022 at 12:31 AM EST
24 min read

Issue Overview

What happened to Boeing? One of the most storied companies in the U.S., and one of its largest exporters, now is foundering. Long known for its engineering prowess — it designed and built the 747 in record time — the company now is struggling to get approvals for its 787, 737-7s, and 777X aircraft. Part of that, of course, is increased regulatory scrutiny after the Max fiasco, but that isn't the only factor at play. Its customers, especially those waiting for 787s, are not happy. Meanwhile, Boeing's inability right now to design and build a middle of the market aircraft means Airbus is walking away with that part of the market. Given all this, Boeing reported a narrower loss this quarter than last year, but that's because last year its best-selling aircraft was still grounded. The company's executives counsel patience and say this year, too, will be a year of transition.

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