Boeing (BA) And Airbus: Can Anyone Still Build A Plane?

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Boeing (BA) is experiencing problems completing the first planes in its new 787 Dreamliner series. The fuselage sections of the aircraft don’t fit together right. It would seem an issue like that would make the planes hard to fly, but maybe not. There also appears to be a shortage of fasteners for the planes. Without them, the major parts of the aircraft will not hold together.

Since the 787 has been on the drawing boards and in some part of the production process for almost 10 years, it might be fair to assume that putting together big pieces of the plan would work OK. But, Boeing rival Airbus has been having similar problems.

Airbus has only 13 orders for its new A350 which competes with the 787. That may seem like a good start, but the 787 has 600 orders at this point. The Wall Street Journal says that the A350 had to go through its own growing pains because it was not fuel-efficient or easy to maintain. The plane had to be redesigned. Airbus has similar, but more serious problems with its A380 super-jumbo jet, which gave Boeing a leg up selling its largest aircraft, the 747-8.

The flying public may not be concerned that the parts don’t fit on these planes, but it probably bothers Wall St. It is a hell of a way to run a railroad.

Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618