Boeing is one of the most heavily subsidized companies in the world -- right alongside Airbus. They are a strategic asset to the United States far beyond their market value. The market knows this, hence why their stock is not being hammered.
I don't want to see it wind down as a going concern, but I wouldn't mind a bankruptcy and seeing the executives and board of directors fired with their compensation clawed back.
The already perilous union jobs, with good benefits etc, in Seattle would be lost and there would be a race to the bottom by other states to claim the production facilities.
Instead of a race to the top where people can just say five infinity dollars?
What is the logic for this? why is this the case?
“They are a strategic asset to the United States far beyond their market value.”
”the airlines know that Boeing will never go under because the US government would (justifiably) never let that happen for strategic reasons“
Imagine the US military going to another country hat-in-hand to buy aircraft.
That's why.
You mean like with the Harrier or Eurocopter? Or more like the KC-30 where Boeing protested until Airbus dropped out?
Boeing also ensures American interests dominate the skies around the world. There just aren't that many manufacturers of aircraft, and Boeing spreads American influence / values across the globe as an essential part of infrastructure. Airbus does the same for the EU.