Trades with cats wrote:Boeing CEO telling CNBC that they will not cut or suspend dividend.
Also he supposedly said he believes in the 737 Max won't scrape the plane.
Personally, I am confident Warren Buffet will eventually step in and pick up the pieces, really really cheep.
I expect Boeing could not 'scrap' the 737 Max without also going bankrupt.
Not only are there a lot of built-but-not-yet-delivered 737 Max sitting on someone's books. There is also a huge forward order book for that model. Designing, building, certifying a brand new aircraft design would take mutiple years (probably approaching 2030), during which time Boeing would be foregoing a lot of 737 Max sales and income.
AND all the existing 737 Max aircraft that were already delivered and flying until grounded, those respresent a lot of financial liability. Someone is holding the financing/loans on those things.
Boeing is under
huge pressure to get the Max flying again. To fail to do so means the company fails.