Critically discuss two recent developments

Assignment Task

The air crashes were reported widely in the media around the world. The crashes were caused by a set of faulty features in the cockpit which when reported, were ignored by the Boeing. Though Boeing had claimed the aircraft models were fuel efficient and safe, however, these were not be. Boeing Max was eventually grounded by the Federal Aviation Authority, the airline regulator in the US

1. An impact on Boeing operations in the form of suspended operations (like in South Carolina and Philadelphia), and the increase in operating costs due to social distancing requirements. Operating costs increased from billion in to billion in

2. A material decline in the demand of Boeing products. As a manufacturer of aircrafts and airplanes, the drop in international travel resulted in a fall in demand for aircrafts leading to a large number of undelivered airplanes. In addition, the wider impact on the global economy which impacts on Boeing's supply chain and Boeing customers (airlines). The impact of the fall in demand includes the fall in revenue in by, an increase in debt from billion into billion in negative operating cash of billion in, an impairment in the value of goodwill and a net loss of billion in.

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