Strongly agree, I just don't believe there is the political will to do it at this, so we're left with capital market and corporate leverage mechanisms to encourage a positive outcome.
Much easier to get everyone in a room and say, "We're going to starve Boeing of revenue until it walks into Chapter 11, at which point we'll be ready to recapitalize and install new folks." Absolutely not my preferred thoughts on fixing a rotting enterprise, but you go to work with the tools you have.
I just don't see how this can happen unless you have global consensus. They are booked until what the next 8 years? Whats to stop non-american airlines desperate for slots on the new aircraft from snapping up those slots?
Much easier to get everyone in a room and say, "We're going to starve Boeing of revenue until it walks into Chapter 11, at which point we'll be ready to recapitalize and install new folks." Absolutely not my preferred thoughts on fixing a rotting enterprise, but you go to work with the tools you have.