Reality: Hundreds of people die within months. Boeing is now worth $25 billion less in market cap and the planes are grounded worldwide.
Less than three years ago Boeing's stock was worth around 130 USD. Friday it was still 370 USD, almost 3 times more than that.
Less than three years ago its market capitalization was around 80 billion. Now (even after the grounding of 737 MAX) it's still around 240 billion. What happened in the last less than three years? At least, the first 737 MAX planes were delivered around two years ago.
Apparently Boeing had (before the crash) a backlog of 5000 orders for 737 MAX planes, worth 490 billion.
On Boeing's own site:
https://www.boeing.com/commercial/market/commercial-market-o...
"Commercial Market Outlook 2018-2037"
"Robust demand is expected the next 20 years as strong economic growth, growing middle classes, increasing consumer spending on services, and evolving airline business models bring more value to passengers and support the long-term outlook. As a result, the industry will require more than 42,000 new airplanes by 2037 with almost 74% in the single-aisle category."
Looking at all that it's even more obvious why there was such a reluctance to ground the 737 MAX in the US.
The 737 Max order backlog ( just over 5,000 aircraft ) has a list-price value of about $600 billion. Even if we assume 50% discounts that's still a lot of revenue.
> Lion Air 610 should never have been allowed to get airborne on October 29, a conclusion shared by those familiar with the inquiry. The plane simply wasn’t airworthy.
Get the feeling there will be a large amount of cognitive dissonance on HN once the final report is released.
I can say for example, that tomorrow Airbus is going to get broken up and turned into a mess because of Brexit, and everyone from the President of France to the Airbus leadership can be blamed for it.
Reality is anyone can blame whatever they feel like these days. Anything surrounding blame can be safely ignored. Look for the people talking about the solutions.
After you find said individuals, someone has to still fix the problem. And in my experience you always need the help or information from said individuals to do so.
CHOOSING to focus on blame, only produces attacks, defensiveness and avoidance from whom ever you are blaming, when they can be contributing to the fix.
Reaching the solutions get pushed further down the road.
Whenever a crisis unfolds you want the people who created it in the room contributing info, thinking about solutions, rather than focusing on how to save their asses and hiding what they did.
Current culture puts too much emphasis on passing judgements and blaming people. What outcomes are being produced speak for themselves when that route is choosen.